Tuesday’s stock-market slide was what one Wall Street strategist called a “chip-wreck.”
The semiconductor companies that have led this year’s stock-market advance with triple-digit percentage gains were suddenly hit with a wave of doubts about the sustainability of the AI-driven rally.
Daniel Ives, Global Head of Technology as Wedbush Securities, discusses the broader tech landscape as investors remain jittery on high-flying tech stocks. (Source: Bloomberg)
Investigators used new tools to defeat old malware technology.
A Microsoft Copilot + PC sign inside a Best Buy store on Black Friday in Pinole, California, US, on Friday, Nov. 29, 2024. Economists will be paying close attention to Black Friday and Cyber Monday sales to get a sense of consumers appetite for holiday shopping. Photographer: David Paul Morris/Bloomberg
Dan Ives, global head of tech research and senior equity analyst at Wedbush Securities, discusses the importance of Wednesday’s earnings from Micron Technologies, tech spending on capex and the AI buildout, and how he views public-private partnerships on AI companies. (Source: Bloomberg)
Meta Platforms Inc. and Microsoft Corp. each committed tens of billions of dollars in additional data center leases in their most recent quarters, adding to the massive sums the industry is spending on artificial intelligence.
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