Nvidia shares remain under pressure, tracking a broader pullback in artificial intelligence-linked stocks. The stock fell 1.8% in early trading on Friday, after dropping 4.2% on Thursday to its lowest close since mid-December. It is now down around 10% for the year. The weakness reflects a shift in investor sentiment. AI-driven technology stocks, once market
Shares of Meta Platforms extended their selloff on Friday, as mounting legal setbacks weighed on investor sentiment, but the recent decline also points to a deeper concern building beneath the surface. While US court verdicts have triggered immediate losses, investors are increasingly focused on the broader implications for Meta’s business model and future risk profile.
For the better part of a year, Wall Street has operated on a cynical yet profitable mantra – “Trump Always Chickens Out,” or the TACO trade. The strategy was simple. Whenever the White House issued a fire-and-brimstone threat – be it “Liberation Day” tariffs, the sudden annexation of Greenland, or military ultimatums – investors would
Shares of Tesla remained under pressure on Friday, extending a weak run as investors weighed softer delivery expectations, geopolitical risks, and uncertainty surrounding CEO Elon Musk’s long-term strategy. The stock fell 3% on Friday, adding to recent losses that have left it down sharply over the past three months. The electric-vehicle maker is now attempting
Wall Street’s most persistent bull, Tom Lee, is doubling down on a vision of the future that would make even the most seasoned optimist blink. The Fundstrat Global Advisors co-founder, known for his uncanny accuracy during post-pandemic recovery, believes S&P 500 is on a collision course with the 15,000 mark by the end of this
Global markets closed the week on a cautious note, with multiple asset classes reflecting heightened uncertainty. The cryptocurrency market weakened amid a broader risk-off mood, while geopolitical tensions and rising oil prices shaped equity sentiment. At the same time, Elon Musk’s potential plans for a retail-heavy SpaceX IPO drew attention, even as foreign investors accelerated
CrowdStrike Holdings Inc (NASDAQ: CRWD) is inching lower on Mar 27 after partner Anthropic previewed a “breakthrough” AI model with advanced cybersecurity capabilities it’s calling Claude Mythos. Adding to the pressure are reports of Amazon.com Inc, another one of CRWD’s partners, developing a sophisticated artificial intelligence tool to handle sales, business development, and other tasks.
US stocks fell sharply on Friday, with all three major indexes closing at their lowest levels in more than six months, as escalating tensions in the Middle East and surging oil prices dampened investor sentiment. The Dow Jones Industrial Average dropped 793.47 points, or 1.73%, to 45,166.64, entering correction territory on an intraday basis. The
Shares of Reliance Industries Ltd rose on Monday after the conglomerate’s annual general meeting (AGM) unveiled a series of growth initiatives, including the proposed listing of Jio Platforms, artificial intelligence investments, and new energy projects. The stock rose more than 2% during the session, making it one of the top gainers on the Nifty 50.
China’s low Earth orbit satellite company SpaceSail has launched a new fundraising round, according to a report by state media outlet Securities Times on Monday, as the Shanghai government-backed firm pushes ahead with its satellite deployment plans and overseas expansion. The report said the new financing round would result in a combined equity stake of