And that's weighing on the companies’ stock prices. Google and Microsoft are down 2.7% and $3.3% year-to-date, respectively, while Tesla is off 17%. Apple's stock has declined 6%. Amazon is up 4.4% ...
Intel shares powered higher in Wednesday trading, extending a modest gain for the year, after the release of a bullish research report tied to plans for a spinoff of the chipmaker's money-losing ...
In 2024, the narrative around Big Tech was that it was almost impossible for companies to overinvest in artificial intelligence (AI). At almost every earnings update, capital spending (capex) was ...
DeepSeek landed with a bang when the news came out that the China-based artificial intelligence (AI) application was able to ...
Cathie Wood-led Ark Invest sold 28.4 million worth of Palantir shares. The hedge fund also sold Robinhood stock, but purchased shares of Shopify, AMD, TSMC and Amazon.