With 10%-plus drops off their recent closing highs, Amazon and Nvidia shares have joined Tesla shares in correction territory. Meta's stock is already in a bear market.
For a stock that hit a fresh all-time high as recently as the start of November, it may come as a surprise that there's a bearish argument at all calling for a sell-off.
A federal judge ruling that Meta Platforms does not hold an illegal social media monopoly handed Big Tech its first decisive win against the antitrust crackdown started in President Donald Trump's first term.
Shares of Microsoft and Amazon came under renewed pressure on Tuesday as a rare analyst downgrade and fresh regulatory scrutiny from the European Union weighed on two of Wall Street's most influential technology stocks.
Amazon's self-driving unit Zoox opened its waitlist on Tuesday for users in San Francisco, offering free rides, just days after Alphabet's Waymo said it will provide robotaxi rides in the same market.
Bank of America, in a survey of global fund managers released Tuesday, found the largest perceived risk for markets is that AI stocks are in a bubble, with concerns some companies are over-hyped and disconnected from their real value. An AI bubble was viewed as the top risk by 45% of investors surveyed by Bank of America, and a majority of respondents expressed concerns that companies were over...
European Union regulators on Tuesday designated 19 technology companies, including Amazon Web Services , Google Cloud and Microsoft , as critical third-party computing providers for the bloc's finance industry.
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