Dow tumbles 500 points as Wall Street sells off Big Tech
The Dow was more than 500 points lower by midday, the S&P 500 lost 1.6% and the Nasdaq Composite was down by 2.2% after a selloff in Big Tech stocks.
Slower AI spending could ignite a 'vicious' downturn for chipmakers, Nvidia supplier says
Advantest CEO Doug Lefever told the Financial Times that AI smartphones could justify the data-center spending spree that is ...
How the Stock Market Defied Expectations Again This Year, by the Numbers
The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it ...
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Wall Street shares 4 predictions for AI going into 2025 — including 3 trades to maximize returns
The AI trade took off in 2024, and Wall Street expects it to continue into next year. Here's what investors should expect ...
Elon Musk's xAI raises $6 billion in fresh funding: 'We are gonna need a bigger compute!'
Elon Musk's xAI, the startup behind the Grok chatbot and Colossus supercomputer, raised $6 billion in a Series C funding ...
Apple Nears Record $4 Trillion Valuation As Investors Bet On AI Momentum
Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company's ...
Stock market today: US stocks rise as Nvidia, Broadcom, lead tech sector higher
US stocks climbed on Monday, with chip stocks leading the tech sector higher while investors eyed a possible year-end rally.