AI
Nvidia short sellers make $5 billion from three-day selloff, data shows
Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer’s sharp selloff over the past three sessions.
advancing issues
Wall Street climbs, lifted by Uber, Lyft and Nvidia
Nvidia briefly displaced Alphabet as the U.S. stock market’s third most valuable company.
Alphabet
AI frenzy puts Nvidia briefly ahead of Amazon in market value
Nvidia briefly surpassed Amazon.com Inc in market capitalization on Monday.
BYD
Tesla set to erase $70 billion in valuation after Musk’s sales warning
Tesla tumbled nearly 11% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts.
Business
Eli Lilly’s obesity drug now available in U.S. pharmacies
Eli Lilly said its recently approved obesity treatment Zepbound is now available in U.S. pharmacies.
AI
Amazon rallies on cloud optimism as it chases Microsoft for AI business
Amazon.com rose 7% on Friday as it aims for a larger share of the booming artificial intelligence market in a race with Microsoft.
AI features
Microsoft extends cloud lead over Alphabet with focus on OpenAI, big clients
Microsoft is outstripping Alphabet in the race to make money from generative AI through early bets on OpenAI and focus on big clients.