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.

MarketWatch21:11 ET

Oracle CEO Safra Catz Steps Down From Disney's Board After Ellisons' Big Move in Hollywood

Yahoo FinanceJul 20 10:21 ET

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.

wallstreetcnJul 19 21:32 ET

Oracle Commodity Converts Debt to Equity

TipRanksJul 19 16:38 ET

Oracle CEO Catz Steps Down From Disney's Board

Seeking AlphaJul 19 16:23 ET

Disney: Catz Is CEO of Oracle >DIS

Disney: Catz Is CEO of Oracle >

Dow JonesJul 19 16:16 ET