US markets rallied after Democrats’ sweeping victory in the midterm elections, as investors became hopeful that the result could push US President Donald Trump towards ending the ongoing war with Iran. The election outcome also raised hopes of lower energy prices and reduced geopolitical tensions. US markets rally as oil prices fall after Democrats’ midterm … Read more
US stocks fell sharply on Thursday, with technology and semiconductor shares leading the losses. The Nasdaq was on track to enter correction territory as investors sold shares of chipmakers and companies linked to artificial intelligence (AI) data centres. US stocks fall as Nasdaq, Dow and S&P 500 decline amid losses in chip and AI data … Read more
Data center stocks slid in premarket trading on Wednesday, while clean-energy ​shares rallied after Democrats seized control of Congress, prompting investors to reposition for tougher scrutiny of the AI boom and a shift in policy priorities. US stocks react to Democrats winning control of Congress, with gains and losses across key industries. (Representational Image) (Pixabay) … Read more
US semiconductor stocks rebounded on Tuesday, with major chipmakers opening higher after suffering heavy losses in the previous trading session. The Philadelphia Semiconductor Index (PHLX Semiconductor Index), which tracks major semiconductor companies, also moved higher. Nvidia, AMD and Intel shares rise as US semiconductor stocks recover after a $3.7 trillion market sell-off. (Pexel) Nvidia shares … Read more
The results of the US midterm elections on November 3 could affect Wall Street, AI stocks, US Treasury yields and the country’s financial outlook. Investors are closely watching whether Democrats or Republicans will control Congress after the elections. US midterm elections could influence Wall Street, AI stocks and Treasury yields. (Photo by ANGELA WEISS / … Read more
Shares of major neocloud companies fell on Monday after Elon Musk warned that more than 200 companies in the artificial intelligence (AI) infrastructure sector could collapse. The warning added to investor concerns about rising debt and the high cost of building AI data centres. Neocloud stocks fall as Elon Musk warns of AI company failures … Read more
Apple and Nvidia are among the biggest stocks weighing on the S&P 500. Apple and Nvidia may be competing again to become the world’s most valuable company, but the recent weakness in the biggest US stocks is holding back the broader stock market. Apple, Nvidia and other megacap stocks face pressure as AI spending fears … Read more
SpaceX reported strong third-quarter results on October 20, with its artificial intelligence (AI) business showing major growth. The company’s AI segment, called Super Intelligence (SI), was a key highlight of its latest results. SpaceX’s AI growth highlights opportunities for Nvidia and CoreWeave stocks. (AP Photo) SpaceX’s total revenue jumped 161% year over year to $14.6 … Read more
Stocks linked to artificial intelligence (AI) fell sharply on Thursday, dragging stock markets across the world lower. At the same time, oil prices climbed to their highest level in five months as investors worried about the war involving Iran and its impact on global energy supplies. AI stocks fall as oil prices hit a five-month … Read more
The S&P 500 and Nasdaq Composite rose on Monday as artificial intelligence (AI)-related stocks recovered from last week’s sharp fall. Lower oil prices also supported the market ahead of several major company earnings reports due this week. S&P 500 and Nasdaq rise as AI stocks recover and oil prices fall ahead of major US company … Read more