Latest Updates Around The World
Infosys’ American Depositary Receipts (ADRs) fell more than 7% on Thursday, hitting an intraday low of $14.59 in early trade, while Wipro’s ADRs fell 5.4% to $2.26. The sharp decline follows a steep sell-off in IT stocks on Indian stock markets, with the weakness spilling over to Wall Street.The broader U.S. tech drag added pressure […]
Billionaire investor Bill Ackman has told clients that his hedge fund, Pershing Square Capital Management, bought shares in Meta Platforms late last year, betting that the tech company would benefit from the rapid adoption of artificial intelligence, according to information from Reuters.Ackman and his investment team, which returned 21% last year, also announced that the […]
U.S. stocks are feeling both the upside and the downside on Wednesday from a surprisingly strong report that said the country’s unemployment rate has improved over the past month.After initially rising to an all-time high, the S&P 500 swung to a loss before retreating to a gain of less than 0.1%. The Dow Jones Industrial […]
Retail investors bought software and technology stocks after last week’s heavy sell-off, largely brushing aside concerns that advances in artificial intelligence models could upend parts of the sector.Net inflows into BlackRock’s iShares Expanded Tech-Software Sector exchange-traded fund reached a record $176 million over a rolling one-month period as of Monday’s close, according to data compiled […]
A major rally for global stock markets that started in Asia on Monday disappeared as trading arrived on Wall Street.The S&P 500 fell 0.2% in the first few minutes of trading. The Dow Jones Industrial Average was down 62 points, or 0.1%, at 9:35 a.m. Eastern Time, and the Nasdaq composite was 0.4% lower. The […]
(Investorideas.com Newswire), a platform for big investment ideas including AI and technology stocks, publishes market commentary from deVere Group. Big Tech’s $660 billion increase in spending is raising concerns about the AI ​​bubble among investors — but those are short-sighted concerns, says the CEO of one of the world’s largest independent financial advisory organizations. The […]
Japan’s Nikkei stock fell on Thursday, dragged down by technology stocks on persistent valuation concerns, joining a broader slump in Asian markets on concerns about the exploding costs of AI investments.The benchmark Nikkei 225 Index fell 0.9% to 53,818.04. The broader, less tech-intensive Topix fell a more moderate 0.1% to 3,652.41. SoftBank Group fell 7% […]
Wall Street’s ‘Software Mageddon’ has had a snowball effect. Now investors are debating whether it’s time to warm up to beaten-down stocks.The fallout for the software industry, which includes a handful of signature stocks from the recent bull market, reflects growing concerns about the potential disruption caused by artificial intelligence as investors increasingly divide the […]
The S&P 500 struggled to provide direction while the Dow edged higher Wednesday as strong results from Eli Lilly and Super Micro Computer provided some support to the market struggling with a sell-off in software and cloud.The software and services index, home to several leading cloud and software companies, fell for the sixth consecutive year, […]
The US stock market remained relatively stable on Tuesday, as gold and silver recovered from their latest sell-off.The S&P 500 rose 0.1% and flirted with its all-time high last week. The Dow Jones Industrial Average rose 207 points, or 0.4%, as of 9:40 a.m. Eastern time, and the Nasdaq composite was 0.1% lower. Palantir Technologies […]
