Warren Buffett Rakes In $607 Million While Elon Musk, Jeff Bezos, And Other Top Moneybags Bleed $67 Billion In A Day Amid Market Wipeout - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

Warren Buffett Rakes In $607 Million While Elon Musk, Jeff Bezos, And Other Top Moneybags Bleed $67 Billion In A Day Amid Market Wipeout – Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

The world’s top tech billionaires saw their fortunes plummet on Monday as markets tumbled, with the Magnificent Seven tech giants shedding approximately $780 billion in market capitalization during a single trading session. What Happened: According to the Bloomberg Billionaires Index, Tesla Inc. TSLA CEO Elon Musk led the losses, with his net worth dropping from…

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Alphabet Stock Enters Oversold Territory — Is It A Buying Opportunity? - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Alphabet Stock Enters Oversold Territory — Is It A Buying Opportunity? – Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Alphabet, Inc. GOOG GOOGL stock is down more than 13% since the end of January and has now entered oversold territory.  What To Know: Alphabet’s relative strength index fell to 29.17 on Thursday, its lowest since September 2024. The stock’s RSI rebounded slightly on Friday to 29.51 at the time of publication, but remains below…

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TikTok Invests $8.8 Billion in Thailand Data Centers, Bypassing US-China Tech Tensions - Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN)

TikTok Invests $8.8 Billion in Thailand Data Centers, Bypassing US-China Tech Tensions – Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN)

ByteDance’s TikTok committed $8.8 billion in data centers in Thailand over five years, Reuters cited VP Helena Lersch on Friday. Prior reports indicated Nvidia Corp NVDA eying investments in Thailand after Alphabet Inc GOOG GOOGL Google and Microsoft Corp’s MSFT move as Southeast Asia becomes a hub for artificial intelligence data centers and component manufacturing. Thailand has attracted…

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Jeff Bezos-Backed Anthropic Fights US Move To Block Google’s Search Proposal - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Jeff Bezos-Backed Anthropic Fights US Move To Block Google’s Search Proposal – Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Jeff Bezos-Backed Anthropic, an artificial intelligence (AI) developer, has filed a plea with a federal court to dismiss a U.S. government proposal that would prevent Alphabet Inc.‘s GOOGL GOOG Google from investing in AI startups. The proposal is intended to address Google’s alleged monopolization of the online search market. What Happened: Anthropic, in a court filing on Friday,…

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Wall Street Struggles For Direction, Tesla Flirts With Record Highs, Bitcoin Tumbles Below $95,000: What's Driving Markets Tuesday? - Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

Wall Street Struggles For Direction, Tesla Flirts With Record Highs, Bitcoin Tumbles Below $95,000: What’s Driving Markets Tuesday? – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

The U.S. stock market lacked direction on Tuesday morning as investors stayed on the sidelines ahead of Wednesday’s release of November inflation data, a critical report that could influence the Federal Reserve’s decision on a potential interest rate cut next week. Large-cap indices hovered near unchanged levels, while small caps slightly outperformed, with the Russell…

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Bill Gates Could Go Bankrupt If Tesla Stock Surges 200% To Become The Top Company, Says Elon Musk - Alphabet (NASDAQ:GOOG), Apple (NASDAQ:AAPL)

Bill Gates Could Go Bankrupt If Tesla Stock Surges 200% To Become The Top Company, Says Elon Musk – Alphabet (NASDAQ:GOOG), Apple (NASDAQ:AAPL)

Tesla Inc. TSLA CEO Elon Musk quipped on X that Microsoft Corp. MSFT co-founder Bill Gates could face bankruptcy if Tesla becomes “the world’s most valuable company by far,” escalating their long-running dispute over Gates’ short position in the electric vehicle maker. What Happened: The statement comes as Tesla’s market capitalization stands at $1.251 trillion,…

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Wall Street Rebounds Without Its AI Darling's Boost, King Dollar Maintains Dominance While Bitcoin Defies Gravity: This Week In The Markets - General Motors (NYSE:GM)

Wall Street Rebounds Without Its AI Darling’s Boost, King Dollar Maintains Dominance While Bitcoin Defies Gravity: This Week In The Markets – General Motors (NYSE:GM)

Despite widespread anticipation that NVIDIA Corp. NVDA‘s quarterly results would dictate Wall Street’s year-end trajectory, the stock market delivered a robust weekly rebound — even in the absence of its AI darling. While the semiconductor titan beat analyst expectations on both earnings and revenue for the third quarter, Nvidia’s stock remained flat for the week….

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Jeff Bezos-Backed Perplexity's New AI Election Hub Promises Real-Time Vote Counts And Candidate Summaries — But What About Its Accuracy? - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Jeff Bezos-Backed AI Startup Perplexity Set To Triple Valuation To $9B in Fourth Funding Round — Can It Beat OpenAI And Google? – Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

AI startup Perplexity, backed by Amazon.com, Inc. founder Jeff Bezos, is set to triple its valuation in its fourth funding round this year. What Happened: Perplexity is finalizing a funding round that would see its valuation skyrocket to $9 billion, an increase from its valuation of $520 million at the start of the year. The AI-powered search company plans to…

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Jeff Bezos-Backed Perplexity's New AI Election Hub Promises Real-Time Vote Counts And Candidate Summaries — But What About Its Accuracy? - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Jeff Bezos-Backed Perplexity’s New AI Election Hub Promises Real-Time Vote Counts And Candidate Summaries — But What About Its Accuracy? – Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

On Friday, Perplexity, an artificial intelligence startup, announced an AI-powered Election Information Hub, promising real-time vote counts and candidate summaries. What Happened: The hub, which will be operational on Election Day, Nov. 5, is designed to provide AI-generated answers to voting queries and summaries of candidates. The live vote count will be based on data from The Associated…

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