Why investors are dumping shares of AI companies after Democrats’ election victory The Washington PostOpinion | Tech stocks got hammered. Is the economy next? The New York Times US Tech Stocks Fall: Is the AI Bubble Bursting? The Guardian’s Jim Cramer says the AI selloff isn’t over, but it’s not another CNBCI dotcom bust. Has … Read more
Crusoe, an eight-year-old Denver-based data center developer recently valued at $30.9 billion, confirmed Friday that it sold an unfinished data center project in southeastern Wyoming to Google. Google, which Crusoe had tried unsuccessfully to secure as a client for the project, will take over development after raising concerns about its cost and construction schedule under … Read more
IonQ CEO Doubles Down on Quantum Mastery Vision After Huge Barron’s EarningsWhy IonQ Stock Is Soaring Today Yahoo Finance Revenue, GAAP EPS and Adjusted EPS Surpass Consensus Estimates* IonQIonQ Sees Revenue Quadruple on Demand for Quantum Computing Bloomberg.com Rigetti Soars 17%, D-Wave Jumps 17% as IonQ Raises Guidance to ‘Industry Record’ TIKR.com
North Korea’s world-class hacking army is the secret weapon that took down Binance ReutersHackers paid $15 to drain $2.5 billion from Binance in one fell swoop Bloomberg.comInsurers after $6.3 billion cryptocurrency heist: D’oh! GizmodoIt Turns Out The $6 Billion Binance Hack Happened Because Its Employees Were Coding Vibe FuturismBinance Says Hackers Who Stole Billions In … Read more
Hims & Hers Health (HIMS) signed a deal with Eli Lilly (LLY) on Friday to sell the company’s anti-obesity drugs, further consolidating itself in the GLP-1 brand space. Him shares rose 8% to 26, while Lilly shares fell less than 1% to 1,354.49. The deal will allow Hims to sell Lilly’s Zepbound and Foundayo on … Read more
Could the US midterm elections end the AI bubble? BBCOpenAI, Arm and Qualcomm Execs React to Post-Midterm AI Selloff CNBCStock Market Suffers Ugly Losses in Election Week; Apple, Palantir Led Key Gains: Investor’s Business Daily Weekly Review The midterm elections shook up AI stocks. This is what must be observed in the economy in general. … Read more
AI Stocks Rise After Trillions Wiped From Market Values BBCNasdaq Tries to Recover from Worst Drop in 19 Months as AI Stocks See Some Buying: Live Updates CNBCPrivate Tech Valuations in Spotlight After Public Market CorrectionAxiosAI Stock Halts Brutal Global Selloff as Wall Street Trims Its Week’s Loss AP NewsMarkets Realize They Hate America’s Blue … Read more
Shares of Airbnb (ABNB) rose hours after the peer-to-peer home rental company touted strong growth across its business and raised its full-year outlook amid healthy global travel demand. “Airbnb is back in growth mode,” CEO Brian Chesky said in a statement to investors. “It’s rare for a market our size to re-accelerate growth, but that’s … Read more
Some $2.3 billion in market value was wiped off the technology-focused Nasdaq 100, which fell 6.3% on Thursday. Another $2.8 trillion was wiped from the market value of the S&P 500, which fell 4.4%, the worst day for both indexes in 18 months, as President Donald Trump’s global tariffs rattled markets. US futures were mixed … Read more
Retail investors dumped U.S. stocks on Thursday at a pace not seen since the start of the COVID-19 pandemic, breaking their typical habit of “buying the dips” on market down days. Everyday investors sold a net $257 million in individual U.S. stocks on Thursday, according to Vanda Research, the fifth-largest wave of net selling in … Read more