Alphabet stock falls as the tech selloff accelerates and Wall Street questions whether Google brain drain hurts its AI ambitions.
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Timothy McHugh's 2025 compensation surpasses the previous record set by Tesla's CFO and leaves his nearest S&P 500 peers more than $100 million behind
Stocks could be facing the end-of-quarter reckoning many investors feared when Elon Musk’s SpaceX unveiled plans for its multibillion-dollar initial public offering and Federal Reserve Chairman Kevin Warsh took over the central bank’s policy reigns earlier this month. The early signs of a late June “tech wreck” started to formulate Monday, with Google parent Alphabet shedding more than $225 billion in market value, its biggest slump in more than a year, and SpaceX extending its three-day decline to more than $600 billion. Shares in SpaceX were falling 4.3% in premarket trading Tuesday, putting them below $150 a share.
Micron Technology's stock has risen by almost 9x over the past twelve months, taking its market capitalization above $1.2 trillion - among the largest single-year gains in the company's four-decade trading history. The rally is driven by surging demand and a shortage of high-bandwidth memory that is used alongside AI accelerators in data centers. Hyperscalers, including Microsoft (MSFT), Alphabet (GOOG), and Meta (META), are projected to spend roughly $700 billion on AI infrastructure this year,
Single-day corrections concentrate the mind, even more so when the slide comes amid a doubling of a tech-focused index replete with the kind of giant chip stocks that have powered U.S. markets to record highs over most of the year. “The session had three things working against it simultaneously,” said Koen Hoorelbeke, investment and options strategist at Saxo Bank. In short, it’s become the index to watch in this year’s global chips race, with SK Hynix and Samsung booking triple-digit gains and old-school car maker Hyundai —which is now verging into chip design through its Hyundai Mobis division—rising more than 70%.
Alphabet Inc. (NASDAQ:GOOGL) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. A club member asked how a stock’s price gets affected when a company decides to raise cash by selling shares. Taking Alphabet as an example, […]
Google Cloud's growth rate is skyrocketing.
Technology stocks may face spillover impact from the recent sharp selloff in South Korea, though the
xAI, the part of SpaceX (NASDAQ: SPCX) that operates Grok, was always going to drive the entire company under. SpaceX had almost $19 bullion in revenue last year. It lost almost $5 billion. xAI lost $6.4 billion on $3.2 billion. And Grok has already lost its chance to compete with OpenAI, Anthropic, Google, and even ... Grok Was Always Going To Cripple SpaceX
Alphabet (NASDAQ:GOOGL) has been one of the loudest AI winners of the past 12 months, but a sharp June pullback has reset the setup heading into the second half of 2026. Our 24/7 Wall St. price target for Alphabet is $445.85, implying 27.83% upside from the current $348.78. Confidence is high at 90%, and the ... This Stock Will Dominate The Second Half of 2026
Badly damaged tech company Oracle (NASDAQ: ORCL) fired 21,000 people. It said they were being replaced by AI. It is 13% of the company’s total workforce. Oracle took a charge of $1.84 billion. In its 10K, the company explained “… improve operational efficiencies, including through the adoption and integration of AI technologies…” But is that ... Did Oracle Need To Fire 21,000 Because It Is In Trouble?
It’s a rough day for stocks that have benefited from the AI rally this year. These stocks are among the deepest in the red this morning: Chip makers: Micron Technology is down 12%. Advanced Micro Devices, Marvell Technology and Qualcomm fell between 6% to 9% at the opening bell.
Investing.com -- Alphabet shares fell about 5% on Monday after a series of high-profile departures from its artificial intelligence division fueled investor concerns over intensifying competition for top AI researchers.
Investing.com -- Piper Sandler upgraded semiconductor design software maker Synopsys to Overweight from Neutral and raised its price target to $550 from $450, citing improving prospects for the company's intellectual property (IP) business as Intel's foundry ambitions gain traction.
Akkodis' recent report highlights a shift in the landscape of AI investment, where innovation has overtaken efficiency as the primary driver, signaling a focus on growth and new business models. Despite accelerating AI adoption, CTO confidence in scaling AI has dropped significantly, hindered by challenges in integrating AI across enterprise systems. The report identifies agentic AI as a crucial trend, demanding new governance frameworks, as tasks increasingly require clarification for human...
Qualcomm is reportedly in advanced talks to acquire Modular as chipmakers race for AI infrastructure talent.
CANNES, France — People Inc. CEO Neil Vogel accused Google of abusing its market power by using the same crawler for both search and AI.
If tech investors needed any reminders of the 1990s dot-com bubble, strategists made new comparisons to today's AI stocks.
Elon Musk may have ruined a great space stock by attaching an unprofitable AI business to it.
Alphabet Shares Hit by AI Talent Exodus as Pressure Builds on Big TechAlphabet (NASDAQ:GOOG), the parent company of Google, suffered its steepest one-day decline in more than a year on Monday, June 22, with shares closing 4. 99% lower.
Alphabet's Google (GOOG, GOOGL) is supporting a new 12-week incubator for artificial intelligence st