Apple reported better-than-expected revenue and earnings for its September quarter. The company’s shares were trading slightly higher in Monday’s after-hours trading as investors assessed the impact of higher device prices, supply constraints, and demand ahead of the holiday season. The company generated revenue of $114.5 billion, up 12% from $102.5 billion a year earlier. Earnings
SoftBank’s stock price has crashed by 50% from its all-time high as concerns about the AI industry persist. The stock ended the week at ¥4,481, down 50% from its year-to-date high of ¥9,048. The sell-off may continue on Monday, as OpenAI’s recent fundraising flopped and Arm Holdings’ earnings loom. SoftBank stock pressured by latest OpenAI
Companies are spending hundreds of billions of dollars to develop artificial intelligence models, hoping to establish technological advantages that could translate into lasting commercial returns. But as competitors release increasingly capable models within months of one another, investors face a difficult question: how sustainable is a strategy built around continuously spending more to stay ahead?
US stocks fell sharply on Friday, with the Nasdaq Composite recording its largest one-day percentage decline since June 5 as disappointing results from Intel and Amazon intensified concerns about the returns on massive artificial intelligence investments. The technology-heavy index dropped 2.86% to 25,437, while the S&P 500 declined 1.82% to 7,580.07. The Dow Jones Industrial
Amazon shares AMZN fell sharply in after-hours trading on Thursday after the company reported third-quarter revenue and earnings below Wall Street expectations, while its $220 billion capital expenditure plan renewed concerns about the cost of its artificial intelligence expansion. The stock declined more than 4% after falling 4.3% during regular trading. Amazon reported revenue of
US markets closed higher on Wednesday after the Federal Reserve kept interest rates unchanged, while investors assessed the outlook for further monetary tightening and awaited quarterly results from major technology companies. The Dow Jones Industrial Average rose 97 points, closing at 52,475.10. The S&P 500 gained 0.28% to 7,743.98, while the Nasdaq Composite advanced 0.27%
Visa Inc (V) delivered another quarter of double-digit growth late on Tuesday, reporting fiscal Q4 revenue of about $12.14 billion and adjusted earnings per share (EPS) of $3.48. Revenue increased 13% from a year earlier, while adjusted EPS came in up 17% – both ahead of $12.09 billion and $3.44 a share consensus. The earnings
Galaxy Digital stock has slumped sharply in recent months and is now hovering at its lowest level since April last year. It dropped to $14.68, more than 68% below its 2025 peak, erasing billions of dollars in market value. The decline may continue in the near term as crypto prices fall and AI jitters intensify.
The Dow Jones and Nasdaq 100 have remained under intense pressure in recent days as concerns about the artificial intelligence (AI) sector persist. The tech-heavy Nasdaq 100 Index (NDX) slumped to 28,840, its lowest level since September 16 and about 8% below this year’s peak. The Dow Jones has also retreated, falling to 52,220, a
US stocks may have seen immense volatility lately but they are heading into the final quarter of 2026 after a strong run, with the S&P 500 on track for a fourth consecutive year of double-digit gains, according to BlackRock Fundamental Equities. Such a streak has occurred only three times in the past 100 years, it