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
Nvidia sank 2.4% after SoftBank, a Japanese technology giant that had been a major investor, said it had sold its entire stake…
Nvidia was still the single heaviest weight for the S&P 500.
Megacap tech giants Alphabet, Meta and Microsoft each reported quarterly results after market close Wednesday.
Despite the recent sell-off in tech over concerns about high valuations and capital expenditure, some analysts think we could…
Nvidia was the heaviest weight on the market after the chip company lost 4.7%.
Alphabet’s shares rose sharply, while Meta’s lost almost a tenth of their value following release of financial results this week
