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Tag: tech giants

AI mania is worse than 1999's tech bubble, Apollo's top economist warns
  • Finance

AI mania is worse than 1999’s tech bubble, Apollo’s top economist warns

Cs news4 days ago4 days ago04 mins

A top Wall Street economist is sounding the alarm on sky-high valuations in AI stocks — and drawing comparisons to the tech bubble of the late 1990s. “Yes, AI will do incredible things for all of us,” Torsten Sløk, chief economist at Apollo Global Management, said on Yahoo Finance’s Opening Bid. “But does that mean…

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The Dow drops 600 points and the Nasdaq reels as Trump blames Powell and Tesla adds to tech woes
  • Finance

The Dow drops 600 points and the Nasdaq reels as Trump blames Powell and Tesla adds to tech woes

Cs news3 months ago06 mins

Photo: Spencer Platt (Getty Images) U.S. stocks dropped sharply on Monday, continuing a volatile stretch for Wall Street as geopolitical tensions, earnings anxiety, and Fed uncertainty collide. The tech-heavy Nasdaq led the losses, down almost 2.2%, with the S&P 500 off 1.7% and the Dow Jones Industrial Average falling 604 points, or 1.5%. The VIX…

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Why China's AI tech rally rests on 'hot money'
  • Hong Kong News

Why China’s AI tech rally rests on ‘hot money’

Cs news5 months ago17 mins

By Summer Zhen and Jiaxing Li HONG KONG (Reuters) – China’s apparent breakthrough in AI and rapprochement with tech giants has sent Hong Kong stocks and internet giants soaring, but the buyers behind it are flighty and brokers say global investors are wary of big bets while markets swing wildly. Hong Kong’s Hang Seng (^HSI)…

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3 charts show why DeepSeek has been so unsettling for the stock market
  • Finance

3 charts show why DeepSeek has been so unsettling for the stock market

Cs news6 months ago6 months ago07 mins

A cheaper, competitive AI model from Chinese artificial intelligence company DeepSeek sparked a sell-off in the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) on Monday as it challenged one of the key drivers of the current bull market. For the first time in a while, investors had a tangible reason to believe some US tech…

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DeepSeek is making Wall Street nervous about the AI spending boom: Here’s what we know
  • Finance

DeepSeek is making Wall Street nervous about the AI spending boom: Here’s what we know

Cs news6 months ago6 months ago07 mins

The AI frenzy that has reshaped the tech world and commanded the attention of Wall Street took an anxious turn Monday after a Chinese upstart burst onto the scene, dazzling early users and sparking fears that US AI leadership is now under threat. It wasn’t just the Chinese model’s performance that rattled American investors and…

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