Stock Market

Apple becomes second ever $5tn company as investors flee AI stocks

Share price rally driven by strong product demand as well as decision to sit out AI spending race, amid wider tech sell-offApple has become only the second company to pass the $5tn valuation mark, as it benefited from investors fleeing AI and semiconductor stocks amid a wider tech sell-off.The iPhone maker’s shares hit a session

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The Download: OpenAI’s predictable hack, and an AI stock sell-off

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. OpenAI called the Hugging Face attack unprecedented. But we’ve been here before.  —Will Douglas Heaven, senior AI editor Reading OpenAI’s account last week of how some of its models broke their

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AI sell-off intensifies as investors ditch chip stocks

Samsung and SK Hynix fall by more than 10% amid renewed fears over AI spending and Chinese competitionBusiness live – latest updatesThe sell-off in AI stocks has intensified, driving South Korea’s stock market down to its lowest level in three months.Investors continued to ditch chip stocks on Tuesday, amid rising concerns about the huge amount

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