AI fever
Echoes of dotcom bubble haunt AI-driven US stock market
A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago.
AI fever
Echoes of dotcom bubble haunt AI-driven US stock market
A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago.
$2 trillion
AI-focused tech firms see big jump in market cap in June
Nvidia briefly overtook Microsoft to become the most valuable company in the world.
Apple
Wall St mixed as tech stocks attempt recovery, financials drag
Wall Street’s main indexes were mixed on Wednesday, with technology stocks attempting to find a floor after recent selloff.
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.
AI
Exclusive: Amazon mulls $5 to $10 monthly price tag for unprofitable Alexa service, AI revamp
Amazon is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service.
Accenture
S&P 500 notches record high as Nvidia rally continues
The benchmark S&P 500 touched a record high on Thursday, boosted by strong gains in Nvidia.
AI
Nvidia eclipses Microsoft as world’s most valuable company
Nvidia dethroned tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate AI technology.
1925 to ‘29
Economist Predicts ‘Crash Of A Lifetime’ Will Be Worse Than 2008 Recession
Harry Dent, the outspoken financial author and economist, is not reversing course from his bold “crash of a lifetime” declaration from this past December.
Advanced Micro Devices
AMD launches new AI chips to take on leader Nvidia
AMD unveiled its latest artificial intelligence processors and detailed its plan to develop AI chips in a bid to challenge industry leader Nvidia.