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Tech Down, but Not by Much, on Rotation Out of Consumer - Tech Roundup

Shares of technology companies fell, but not by as much as the broad market, as traders rotated out of the retail sector in the wake of Walmart's earnings.

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Tech Down, but Not by Much, on Rotation Out of Consumer - Tech Roundup

Alibaba fiscal-Q1 earnings fell from AI investment surge; NVIDIA and Meta bonds at new lows, signaling credit stress beneath Treasury volatility. For IT leaders: accelerating AI capex competition pressures cost-of-capital and enterprise budgets—prepare for vendor consolidation.

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Alibaba shares fall 4% as AI spending drives 75% drop in net income

Alibaba's U.S. shares dropped 4% in premarket trading Thursday after the Chinese tech giant posted net income that plummeted 75% in the June quarter.The company has been investing heavily in AI infrastructure. The…

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Tech Down, but Not by Much, on Rotation Out of Consumer - Tech Roundup

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Tech Down, but Not by Much, on Rotation Out of Consumer - Tech Roundup

Alibaba shares fall 4% as AI spending drives 75% drop in net income

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Alibaba shares fall 4% as AI spending drives 75% drop in net income

Dow Jones Top Company Headlines at 11 AM ET: Walmart Shares Slump on Weakest Sales Growth in Over Six Years | Alibaba ...

Tech Down, but Not by Much, on Rotation Out of Consumer - Tech Roundup