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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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 ...
Nvidia Stock: It’s All About Blackwell Strength, Says Morgan Stanley
Nvidia’s (NASDAQ:NVDA) seemingly never-ending surge has been more muted in recent times. While sentiment has far from soured ...
The probability of a US recession in 2025 is 0%, according to a top economist. Here's what to worry about instead.
Perhaps the biggest risk to the stock market in 2025, Torsten Sløk says, is that a rebound in inflation will spark the Fed to ...