Stocks rose Tuesday, led by tech. AI fears loom as Meta, Microsoft report earnings. Tesla faces policy risks. Fed decision, major earnings, and government cuts ahead.
The fourth-quarter earnings season is underway, and the so-called “Magnificent 7" companies are in focus. The “Mag 7,” the stock market darlings, have soared on the AI craze. The seven stocks are Apple AAPL,
Elon Musk asked a judge to block OpenAI's attempt to transition from nonprofit to for-profit. It's not the first time he's feuded with CEO Sam Altman.
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever, trailing only a record it set in July.
With several "Magnificent Seven" tech companies on deck to deliver quarterly earnings results, investors might want to note that it hasn't been easy for the biggest earners of the stock market to hold that advantage over time.
Nvidia, led by boss Jensen Huang (pictured), lost almost $600bn in value, after China claimed its new Deepseek AI chatbot was far more efficient than rivals
Apple shares increased about 30 percent during 2024 despite the tech titan reporting annual revenue during its fiscal 2024 that was essentially flat with two years ago. The iPhone maker announced the largest stock buyback in U.S. history in May, authorizing $110 billion for share repurchases.
Their mutual friction goes back to the foundational ideals of OpenAI. But now both seem to have Trump’s favour: Elon Musk as DOGE boss and Sam Altman as a participant in America’s Stargate project.
A breakthrough Chinese chatbot has sparked alarm about the country’s advances in artificial intelligence (AI) and wiped close to $1 trillion off global stock markets...
Tesla Inc. disappointed investors on Thursday, reporting sales of 495,570 electric vehicles in the fourth quarter and of 1.789 million for all of 2024, falling slightly short of Wall Street ...
Elon Musk “very much” overstepped his bounds when he criticized a $500 billion artificial intelligence project touted by President Donald Trump, according to a White House official as aides are reportedly “furious” with the tech mogul while allies lament that he “abused the proximity to the president.”
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever, trailing only a record it set in July.