Even profitable Big Tech names have been unable to escape the relentless selling on Wall Street.
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Every ‘FAANG’ stock is now in a bear market as Apple shares topple in rolling sell-off
Technology
Tech stocks close out best month since start of Covid pandemic in 2020
Jakub Porzycki | Nurphoto | Getty Images The tech-heavy Nasdaq Composite climbed 15.29% in April, its biggest monthly gain since the start of the Covid pandemic in April 2020. Earnings for big tech this week have boosted the sector, with Alphabet, Amazon and Microsoft all beating expectations for revenue and cloud growth. Alphabet surged 10% […]
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Technology
OpenAI trial live updates: Head of Musk’s family office takes the stand
Birchall unsure if OpenAI donations by Musk came with restrictions Bradley R. Wilson, an attorney for OpenAI, asked Birchall a series of questions about funds that Musk put into “DAFs,” or donor-advised funds, managed by Vanguard and Fidelity. The lawyer asked if Birchall knew whether Musk had any legal right to direct where the funds […]
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Technology
Inside Wealth: Markets are underpricing the risk of Middle East pullback in AI, says tech investor Jack Selby
A potential pullback by Middle East sovereign wealth funds could drain hundreds of billions of dollars from the artificial intelligence boom and threaten key data center projects, according to tech investor Jack Selby. Middle East investors — including sovereign wealth funds and government entities — account for roughly a quarter of global investments committed to […]
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