Software stocks like AppLovin and CrowdStrike extended their weeks-long selloff; several of the biggest decliners were discussed in Citrini Research's post
The weeks-long selloff in software stocks deepened Monday amid general unease about the threat posed by AI. — Software-makers AppLovin, CrowdStrike …
IBM shares closed down 13.15% after Anthropic outlined in a blog post how Claude Code can automate the exploration and analysis phases of COBOL modernization
International Business Machines stock is getting slammed Monday, becoming the latest perceived victim of rapidly developing AI technology …
Software stocks extended their weeks-long selloff on Monday; several of the biggest decliners were discussed in a post by Citrini Research
The weeks-long selloff in software stocks deepened Monday amid general unease about the threat posed by AI.
Imagining an AI-driven “2028 Global Intelligence Crisis”: as white-collar layoffs grow, the human-centric consumer economy withers and the social fabric frays
A Thought Exercise in Financial History, from the Future — Preface — What if our AI bullishness continues …
Larry Ellison becomes the world's richest person for the first time, at $393B, overtaking Elon Musk at $385B, as Oracle's stock jumps 40%+ after beating Q1 est.
Larry Ellison has become the world's richest person for the first time, ending Elon Musk's nearly year-long reign in the top spot.
Tech stocks fall sharply over DeepSeek concerns, with NVDA down 17%+, TSM down 14%+, AMD down 6%+, ASML down 6%+, and MSFT down 3%+
Start-up's model raises questions about need for huge western hardware investment — Tech stocks tumbled on Monday as advances by Chinese artificial intelligence start …
DeepSeek's iOS app tops the App Store's Top Free Apps chart in the US, beating ChatGPT, stirring doubts in Silicon Valley about the strength of the US' AI lead
- App's lower-cost model upends premise for AI spending boom — Stocks of chip gear makers ASML and Advantest plunge
Industry insiders say DeepSeek's focus on research makes it a dangerous competitor as it's willing to share breakthroughs rather than protect them for profits
China is pulling the same trick. — www.ft.com/content/747a... Mastodon: Brian Kung / @briankung@hachyderm.io : “There's a pretty delicious, or maybe disconcerting irony to this, ...
Rather than weakening China's AI capabilities, US sanctions appear to be driving startups like DeepSeek to innovate by prioritizing efficiency and collaboration
The AI community is abuzz over DeepSeek R1, a new open-source reasoning model. — The model was developed by the Chinese AI startup DeepSeek …
Yann LeCun says DeepSeek “profited from open research and open source” like Meta's Llama and is proof that open source models are surpassing proprietary ones
If you hadn't heard, there's a new AI star in town: DeepSeek, the subsidiary of Hong Kong-based quantitative analysis …
Bitcoin passes $74K, hitting an all-time high, and other coins also jump, as Trump wins the US presidential race; bitcoin is up nearly 70% year-to-date
- The largest cryptocurrency by market cap has gained nearly 70% year-to-date and reached a new all-time high today …
Elon Musk's gamble on Donald Trump pays off, as Trump wins the race; Trump gave Musk a lengthy shout out in his victory speech, calling him “a super-genius”
“A star is born: Elon,” said Donald Trump in a lengthy shout out to his biggest donor while claiming victory in the US presidential race on Wednesday morning.
ASML reports Q3 order bookings down 53% QoQ to €2.6B, far below €5.39B est., and Q3 net income of €2.1B, in results apparently released early; ASML drops 15%+
Cagan Koc / Bloomberg :
Filings: Warren Buffett's Berkshire Hathaway slashed its stake in Apple by ~50% in Q2, following a 13% cut in Q1, leaving it with a position worth $84.2B
Cash holdings hit a record high as billionaire investor dumps $76bn of stocks — Warren Buffett's Berkshire Hathaway has slashed …
Amazon reaches a $2T market valuation for the first time; its shares have whipsawed since the company's Q1 2024 earnings and have gained 29% so far in 2024
Carmen Reinicke / Bloomberg :
Alphabet closes above a $2T market cap for the first time, reaching a valuation of $2.15T after rising 10% on April 26, its biggest one-day jump since July 2015
- Report reassures investors about its prospects with AI — Google parent already twice breached level on intraday basis
Sources: Google considers adding certain AI-powered search features to its premium subscription services, which already offer access to Gemini in Gmail and Docs
Proposals would mark first time any of the software group's core product falls behind a paywall
Reddit stock closes up 30% at $59.80, after the company went public at $34 last week, as the debut of options trading tied to Reddit appears to fuel the rise
Saqib Iqbal Ahmed / Reuters :
Europe's blue-chip stocks index Euro Stoxx 50 hits its highest level since 2001, with ASML and SAP, the region's two biggest tech stocks, powering the surge
Analysis: a basket of the top US streaming services will cost $87 per month this fall, vs. $73 a year ago; the average US cable TV package costs $83 per month
Subscribing to the top US streaming services will cost $87 this autumn, compared with $73 a year ago. Meanwhile the average cable TV package costs $83 a month. — This isn't sust...