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US tech stocks recover after selloff spooks investors over AI spending

Midterms didn’t appear to have huge impact, though predicted wins for Democrats could mean more regulationUS tech stocks made a recovery on Tuesday afternoon after a selloff spooked investors over AI spending.Tuesday’s midterm elections didn’t appear to have a huge impact on Wall Street, though investors are predicting Democrats get at least a majority in

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Tech sell-off drives US markets down by nearly $1tn after subpar earnings reports

Big tech stocks falter as investors question whether billions being poured into AI can generate returns quickly enoughA sell-off of tech stocks that began earlier this month and gained steam with disappointing earnings from leading tech companies drove US markets down by hundreds of billions of dollars Friday. In total, the decline has knocked nearly

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Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump

Datacenter and chip costs fueled sharp decrease in AI sector although non-AI stocks still had a strong showingThe latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran .The S&P 500 fell 1.2% for its

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Tech market sell-off deepens amid fears over US inflation and AI debt

Chip makers and tech investors such as Samsung and SoftBank plunge as global investors fret over potential interest rate hikesBusiness news – live updatesLarry Elliott: the global economy is muddling through. But a storm is comingAn accelerating sell-off of AI-linked shares has hit global markets, as fears over rising inflation and future interest rate hikes

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South Korea chip maker SK hynix rides AI boom raising $26.5bn in huge US listing

SK hynix, a supplier of advanced memory chips, has seen profits skyrocket thanks to the global race to build AI datacentresSouth Korean chip maker SK hynix set pricing for its mega US listing on Friday, aiming to raise $26.5bn as it takes advantage of the AI boom in what will be one of the world’s

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The AI bubble has further to run despite the looming crash

As tech firms make huge profits and investors fear losing out, both are doing their best to hold off the day of reckoningOpenAI staggers AI model release after White House requestEvery couple of decades, investors will ask themselves how long can the stock market keep climbing. Is it safe to buy more shares? Is their

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US AI stock sell-off shakes markets from Wall Street to Asia

Losses spread globally as investors questioned soaring valuations and spending on AI infrastructureA tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs.The tech-heavy Nasdaq index opened 2% lower

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SpaceX is now a public company valued for its AI potential, so what comes next?

Space Exploration Technologies, better known simply as SpaceX, became a publicly traded company on Friday nearly a quarter of a century after it was founded. The company began trading on the NASDAQ exchange in New York City at $135 a share, valuing SpaceX at nearly $1.8 trillion. By the end of the trading day the

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SpaceX will get off the ground – but a descent from a silly valuation must follow | Nils Pratley

Investors will buy into the market-leading tech and cult of Musk despite a price that is defying gravity“Our mission,” says the opening sentence of SpaceX’s listing document with a straight face, “is to build the systems and technologies necessary to make life multi-planetary, to understand the true nature of the universe, and to extend the

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SpaceX mulls $1.5tn IPO timed to ‘align with Musk’s birthday and the planets’

World’s richest person targeting symbolic date in June for flotation of rocket companyElon Musk’s SpaceX is considering a flotation valuing the rocket company at $1.5tn (£1.1tn) that will reportedly be timed for early summer to coincide with a planetary alignment and the multibillionaire’s birthday.The world’s richest person is targeting a symbolic date of mid-June for

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