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Bloomberg56d agoneutral
SpaceX Rout Set to Push Market Value Below $2 Trillion

(Bloomberg) -- SpaceX shares extended declines in premarket trading, a day after the company saw the second-largest single-session drop in market value on record. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Invests $900 Million in Cred, Taps Founder to Head Wh

Stock Futures Dive as Tech Selloff Rages On
Barrons.com56d agobearish
Stock Futures Dive as Tech Selloff Rages On

Stock futures were tumbling on Tuesday as investors continued to ditch technology stocks, which took a battering the previous session after a Nobel Prize-winning scientist left Google parent Alphabet for artificial intelligence start-up Anthropic. Nasdaq 100 futures plunged 2%. Dow Jones Industrial Average futures fell 323 points, or 0.6%.

Why Salesforce (CRM) Shares Are Sliding Today
StockStory57d agoneutral
Why Salesforce (CRM) Shares Are Sliding Today

Shares of CRM software giant Salesforce (NYSE:CRM) fell 1.8% in the afternoon session after a confluence of high-profile AI talent departures from Alphabet, and a regulatory overhang pulled the entire communication-services and software complex lower. Alphabet fell roughly 6%.

Why Fastly (FSLY) Stock Is Nosediving
StockStory57d agoneutral
Why Fastly (FSLY) Stock Is Nosediving

Shares of edge cloud platform Fastly (NASDAQ:FSLY) fell 5.2% in the afternoon session after a confluence of high-profile AI talent departures from Alphabet, and a regulatory overhang pulled the entire communication-services and software complex lower.

Why Alphabet (GOOGL) Shares Are Getting Obliterated Today
StockStory57d agoneutral
Why Alphabet (GOOGL) Shares Are Getting Obliterated Today

Shares of online advertising giant Alphabet (NASDAQ:GOOGL) fell 5.5% in the afternoon session after a confluence of high-profile AI talent departures, mounting legal and regulatory pressure, and investor anxiety over the scale of its AI spending weighed on sentiment.

Oracle (ORCL) Stock Trades Down, Here Is Why
StockStory57d agoneutral
Oracle (ORCL) Stock Trades Down, Here Is Why

Shares of enterprise software giant Oracle (NYSE:ORCL) fell 5% in the afternoon session after a confluence of high-profile AI talent departures from Alphabet, and a regulatory overhang pulled the entire communication-services and software complex lower. Alphabet fell roughly 6%. Microsoft slipped as well. When the two largest software-adjacent megacaps decline together, the sector indices follow mechanically given their index weight. But the deeper driver was the market's persistent fear that AI