1 دن پہلے
A plunge for Nvidia's stock drags Wall Street lower
A plunge for Nvidia’s stock is pulling the U.S. market lower, threatening to upend the AI boom that has carried Wall Street to record after record in recent years. The S&P 500 fell 0.7% Thursday. The weakness for AI stocks sent the Nasdaq composite down 1.5%, while the Dow Jones Industrial Average added 127 points. Nvidia tumbled 14% after Jensen Huang, its co-founder and face of the brand, resigned as CEO. Other stocks in the AI industry also fell, though some of Nvidia’s rival chip companies r
1 دن پہلے
2 دن پہلے
Rebounding AI stocks lift Wall Street
A rebound for stocks in the AI industry is lifting the U.S. market. The S&P 500 rose 1% Wednesday and is on track for a third gain in four days since last week's wipeout on worries about a potential slowdown for AI-related businesses. The Nasdaq composite rallied 1.6%, and CoreWeave helped drive the gains after reporting stronger results for the summer than analysts expected. But stocks outside of AI were not doing as well, and the Dow Jones Industrial Average dipped 55 points. The U.S. bond mar
2 دن پہلے
11-9
Nvidia opens internal probe into CEO Jensen Huang's reported link to foreign intelligence target
Nvidia said Sunday it had opened an investigation into reports that CEO Jensen Huang was the target of a foreign intelligence effort. The announcement followed Huang's acknowledgment that he had been in a close relationship with a business executive whom U.S. intelligence determined was gathering information for China. China's Foreign Ministry dismissed the allegations as a smear campaign.
11-9
11-7
From highflying AI stocks to tariffhit alcohol companies, the midterms shook up Wall Street
The overwhelming victory by the Democrats in the midterm elections shook up Wall Street this week. The biggest tremors were felt in shares of companies tied to the boom in artificial intelligence on concerns that a Democratic Congress will put the brakes on further development of data centers. Defense and oil companies fell on expectations Democrats would push for an end to the U.S.-Iran war, which would likely lower energy prices. Hospital shares rose on the possibility that funding for several
11-7