AI hyperscalers had a bruising week after investors got jittery about huge expenditure outlooks.
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Big Tech stocks were treading water in premarket trading on Monday, after a bruising week that saw more than $1 trillion wiped from their market caps.
As of 6:40 a.m. ET, Oracle
was up 1.6% and Microsoft
had edged 0.8% higher. Meta
Nasdaq drops 4.2% as Big Tech giants shed $1.1 trillion in market value. Bitcoin falls below $60K amid AI valuation concerns and…
Nvidia sank 2.4% after SoftBank, a Japanese technology giant that had been a major investor, said it had sold its entire stake…
Wall Streets AI-driven technology rally faced pressure as investors questioned whether rising infrastructure spending can…
Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it…
Technology stocks were the biggest weights on the market, especially companies that have seen their values surge amid the frenzy…
Nvidia was still the single heaviest weight for the S&P 500.
