Google headquarters during Made By Google on August 13, 2024 in Mountain View, California. Photo: Justin Sullivan (Getty Images) In This Story Google parent company Alphabet’s (GOOGL-5.15%) shares fell over 5% during mid-day trading on Thursday amid pressure on Google to sell its Chrome web browser. AI can do the work of countless stock market…
In This Story After Morgan Stanley’s (MS-0.90%) bullish outlook, another financial giant has joined the optimistic chorus for the S&P 500 in 2025. What’s more, it expects the growth of the S&P 500 to occur without relying on the outperformance of the Magnificent Seven, marking a notable shift in market dynamics. How AI is revolutionizing…
Chinese internet giant Tencent Holdings added more than 3,000 jobs in the third quarter, in a sign that the country’s most valuable technology company is on a new growth trajectory after the industry was beset by downsizing in recent years. The Shenzhen-based company had 108,823 employees by the end of September, up 3 per cent…
A Chinese artificial intelligence (AI) chip designer, founded by a veteran of Nvidia’s mainland operations, has become a joint-stock company that paves the way for its initial public offering (IPO), even as the US continues to tighten tech restrictions. The capital base of Moore Threads Technology, a Beijing-based graphics processing unit (GPU) start-up, on October…
Nuclear energy stocks have become a favorite of Wall Street this year as the artificial intelligence boom spreads and Big Tech searches for ways to meet its growing power demand. They helped power the S&P 500’s Utilities index (XLU) to all-time highs — the index is on track to outperform the S&P 500’s equal-weighted counterpart…
Photo: Michael M. Santiago (Getty Images) The Dow Jones Industrial Average fell more than 250 points Thursday mid-morning, alongside sharp Nasdaq and S&P 500 declines, following earnings reports from Microsoft (MSFT) and Meta (META), as both tech giants grapple with challenges in meeting the surging demand for AI. Meta stock fell about 3% in Thursday…
Apple is set to buy a notable developer of photo-editing apps. The company is acquiring Pixelmator, pending regulatory approval. Terms of the deal haven’t been disclosed. While it seems likely that Apple will eventually bake some of Pixelmator’s tech into its own Camera and Photos apps, the latter said “there will be no material changes…
For tech’s biggest players, this earnings season is starting to feel like a scene from the movie Jerry Maguire — and the “show me the money” demands aren’t working out any better than they did for Tom Cruise. Some analysts are even dubbing this the “show me the money” quarter, as Wall Street’s patience with…
Elon Musk is accused of rampantly spreading election misinformation, and it has been a thorn in the side of election officials working double time to try and mitigate the spew of unfounded claims about meddling and alleged voter fraud. Some officials have even gone to measures like dispatching personal notes to the CEO of Tesla…
In This Story Despite posting robust quarterly profits, Microsoft (MSFT-5.26%) and Meta (META-3.86%) shares slumped Thursday as both tech giants signaled substantial future AI spending requirements and slower growth prospects. The companies, which have emerged as leaders in the AI sector, saw their stocks decline despite heavy investments in generative AI that had previously fueled…