Here's the Bad News for Tech Investors Wondering If AI Spending Is Paying off
Tech earnings still won't answer the question of whether AI spending is paying off beyond Nvidia and a few chip and hardware makers.
Megacaps Must Boost Guidance to Thwart 'Epic' Momentum Reversal
Just 1 on 4 AI Tasks Will Be Cost Effective in 10 Years - MIT Professor
Stock Market Faces Crucial Test: Can Summer Rally Continue Without Big Tech?
U.S. stocks are wobbling after a recent rally beyond Big Tech, with volatility up after investors dumped shares of giant companies that dominate the S&P 500 index in favor of other areas of the equities market.
1 Wall Street Analyst Thinks Meta Platforms Stock Is Going to $550. Is It a Buy?
After the technology stock's $900 billion collapse, the US stock market will face a critical week!
Are you still bullish in the long term?
CrowdStrike Outage Affected 8.5 Million Windows Devices, Microsoft Says
Microsoft said Saturday it estimates that worldwide about 8.5 million computers were disabled by the outage caused by an update from the Texas based cyber security company, CrowdStrike on Friday.
Better AI Stock: Meta Platforms or Palantir
Is Meta Platforms Stock a Buy in the Second Half of 2024?
US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
Meta's AI Weapon; CrowdStrike Strikes Out
Meta Content Moderation Vendors Hit by Global Cyber Outage
WhatsApp to Appeal Nigeria Antitrust Agency Privacy Policy Fine
By Stephen Nakrosis WhatsApp said it planned to appeal a decision by Nigerian officials to fine the company $220 million stemming from its May 2021 privacy policy. Officials from Nigeria's Federal
S&P 500 Posts First Weekly Drop Since June, Led by Technology Sector Amid Widespread Outages
The Standard & Poor's 500 index fell 2% this week, led by the technology sector as an issue with a software update from CrowdStrike Holdings (CRWD) drove system outages globally.The S&P 500 ended
Meta Platforms Options Spot-On: On July 19th, 498.51K Contracts Were Traded, With 2.45 Million Open Interest
On July 19th ET, $Meta Platforms(META.US)$ had active options trading, with a total trading volume of 498.51K options for the day, of which put options accounted for 36.29% of the total transactions,
Meta's 34% Year-to-Date Surge and a 5% Stake in EssilorLuxottica Transform Ray-Ban Smart Glasses and Reshapes Its Stock Trajectory
Meta has purchased a 5% stake in EssilorLuxottica for 4.33 billion euros.Market analysts remain optimistic about the growth potential of Ray-Ban smart glasses as Meta continues to enhance its
AI's Trillion Dollar Time Bomb
Street Color: Meta Platforms Fined $220 Million by Nigerian Antitrust Regulator
03:01 PM EDT, 07/19/2024 (MT Newswires) -- Street Color: Meta Platforms Fined $220 Million by Nigerian Antitrust RegulatorPrice: 478.63, Change: +2.78, Percent Change: +0.58
Meta Moves Ahead With Quest 4 VR Headset Despite Layoffs, Sets Release Date: Report
Despite recent layoffs in its Reality Labs division, Meta Platforms Inc (NASDAQ:META) is moving forward with ambitious plans for its virtual reality (VR) and augmented reality (AR) hardware.
Microsoft Stock Is a Value Favorite. The Windows Meltdown Won't Change That -- Barrons.com
By Ian Salisbury Microsoft has wound up in a place no company wants to be: The subject of negative front-page headlines around the world. But the legion of value-fund managers who love the stock are