European stocks trade lower
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After Anthropic's latest AI tools sparked panic in tech stocks last week, investors are grasping for answers on where the sector goes from here.
It’s also widened to include the industry’s Wall Street backers, from lenders to private equity owners for whom software firms have been popular targets. More than $17.7 billion of U.S. tech company loans in a Bloomberg index dropped to distressed trading levels during the last four weeks.
Not long ago, enterprise customer relationship management (CRM) software provider Salesforce (NYSE:CRM) was a darling of the technology sector. In 2020, during the height of the COVID-19 pandemic, Salesforce celebrated its inclusion in the prestigious 30-member Dow Jones.
It might be hard for investors to feel upbeat while tech stocks are tumbling. But that's exactly how some experts are reacting to the rout.
A sharp drop for Google’s parent company is yanking the U.S. stock market lower, while prices for bitcoin, silver and gold weaken.
In a market where tech giants crash while reporting a 60% surge in profits, this might be the most foolproof strategy to play tech today.
By Johann M Cherian and Ragini Mathur Feb 11 (Reuters) - European shares closed at a record high on Wednesday, as gains in commodity-related stocks offset weakness in technology and financials, while investors assessed a strong U.
Looking at the below chart, despite the many billions of dollars of spending going into scaling AI, most of these big tech bellwethers still have very solid balance sheets. Only Apple and Oracle owe more debt than they have cash on the balance sheet.
Both of these stocks trade at reasonable valuations today. Alphabet has six products and services that each have at least 2 billion users. Meta's various social media platforms combined boast a whopping 3.
The U.S. stock market sank after a mixed day of trading. The S&P 500 fell 0.8% Tuesday. The Dow Jones Industrial Average dipped 0.3%, and the Nasdaq composite lost 1.4%.
The benchmark S&P 500 was up about 0.7% in recent trading, while the tech-heavy Nasdaq Composite gained 0.6% and the blue-chip Dow Jones Industrial Average advanced 0.5%. Stocks slumped yesterday, with tech leading the slump as the AI jitters that sparked last week’s “ SaaSpocalypse ” flared up.
Investor concerns about the impact of AI are growing.