US stock market | Wall Street extends tech-driven rally as AI concerns ease

Wall Street ended higher on Wednesday, continuing its tech-led rally and hitting a two-week high, as concerns about artificial intelligence disruption and costs took a back seat to renewed optimism about the emerging technology’s potential benefits.All three major U.S. stock indexes advanced, with the chip-powered Nasdaq posting the biggest percentage gain as markets came to […]

Peter Thiel’s fund divested Nvidia’s stake in the September quarter and filed shows

Technology billionaire Peter Thiel’s hedge fund sold its entire stake in Nvidia in the third quarter, a regulatory filing showed, adding to concerns about an artificial intelligence bubble.The fund, Thiel Macro, sold about 537,742 shares in the AI ​​chip leader this quarter, the filing showed on Friday. The stake would have been worth about $100 […]