Wall Street ended October with a brutal selloff, wiping roughly $2 trillion from the Nasdaq-100’s market value as investors questioned whether the artificial intelligence boom could justify its enormous costs.
The damage was concentrated in...
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OKX and Intercontinental Exchange (ICE) are facing growing opposition to their planned tokenized stock exchange, with 33 major U.S. companies now...
Anthropic’s cash and short-term investments reached $131.7 billion on June 30, topping Nvidia and Apple combined, per CNBC. Disclosed lease and spending obligations add up to about $587 billion.
Anthropic typically orders most of its compute, or...
Meta Platforms has shed nearly $400 billion in market value since late September. On Monday, the Facebook and Instagram owner launched a $35 billion stock sale to pay for its artificial intelligence (AI) build-out.
New shares spread Meta’s future...
Chip stocks have closed lower for eight straight sessions, their longest losing streak in 16 years, according to Barchart. The iShares Semiconductor ETF (SOXX) closed Thursday at $514.71, nearly 14% off its October high.
Thursday also brought the...
Nvidia stock fell 2.94% Thursday after OpenAI told investors its annualized revenue is roughly $50 billion, about $18 billion below the $68 billion widely reported last month.
Alex Kantrowitz, founder of Big Technology, called the gap largely an...
