Nasdaq 100 Slides Into Correction as Chip Rout Deepens on US Election Day
A fresh wave of selling in chipmakers and artificial-intelligence stocks pushed the Nasdaq 100 into a technical correction on Monday, even as the Dow Jones...
Tag : AI spending
Alphabet’s Worst Day Ever Rattles Tech as Intel and Amazon Slide, and Asian Stocks Tumble
A selloff in technology shares spread from Wall Street to Asia as investors reacted to disappointing earnings from some of the biggest names in tech....
Alphabet and Microsoft Report Today as Investors Weigh the Cost of the AI Build-Out
Two of the world’s most valuable technology companies report quarterly results after the US market close today. The numbers will test whether enormous spending on...
SK hynix Weighs $12 Billion Special Dividend as Memory-Chip Earnings Test the AI Trade
A newspaper report that SK hynix is weighing a special dividend of about 16 trillion won, or roughly $12.1 billion, sent the chipmaker’s shares sharply...
Nasdaq Suffers Worst Day Since June as Doubts Over AI Spending Hit Chipmakers
Wall Street’s technology-heavy Nasdaq Composite had its worst session since June on Thursday. A string of company results revived an uncomfortable question: how much will...
Meta Hit With Record $25 Billion Penalty as It Lifts AI Spending Plans
Meta Platforms has been handed the largest financial penalty in its history, just as it asks investors to keep trusting its rapidly growing bill for...
Chinese Memory Chipmaker CXMT Rattles Global Markets With Server Chip Ambitions
Shares in the world’s leading memory chipmakers fell for a second straight session on Tuesday, after a little-known Chinese rival said it is moving into...
Oracle’s $165 Billion New Mexico Data Center Hits Fresh Turbulence Amid Pipeline Delay
A Marquee AI Project Runs Into Ground-Level Obstacles Oracle’s sprawling data center campus in southern New Mexico, one of the largest and most closely watched...