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Investing.com34d agobearish
Dell leads broader AI hardware selloff as shares tumble 14%

The selloff extends well beyond Dell. Hewlett Packard Enterprise is sliding roughly 8% and Super Micro Computer is off around 5%, confirming the move is concentrated in high-beta AI hardware names rather than broad technology. The Nasdaq-100 ETF (QQQ) is down about 1% on the session.

SpaceX Shares Fall Below IPO Price for the First Time
The Wall Street Journal34d agobearish
SpaceX Shares Fall Below IPO Price for the First Time

Shares slipped 2.5% to $132.72 in recent trading. Over the past month they have edged lower; even SpaceX’s addition to the Nasdaq-100 index didn’t boost them. SpaceX is hardly the first big IPO to struggle in early days or weeks of trading.

IBM Q2 preview miss prompts analysts to cut estimates on softer demand
Proactive34d agobearish
IBM Q2 preview miss prompts analysts to cut estimates on softer demand

International Business Machines Corp (NYSE:IBM) drew a more cautious outlook from analysts after preliminary second quarter results missed expectations, with Bank of America and UBS citing weaker software and infrastructure demand, shifting customer capital spending priorities and delayed large...

Meta employees sue over alleged AI-driven layoffs targeting workers on leave
Proactive34d agobearish
Meta employees sue over alleged AI-driven layoffs targeting workers on leave

Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) is facing a lawsuit from 26 employees who allege the company used artificial intelligence tools and automated workplace metrics to select workers for mass layoffs, with the plaintiffs claiming the process disproportionately affected employees...

IBM Stock: What Wall Street Is Watching Next After 25% Tumble
Investor's Business Daily34d agobearish
IBM Stock: What Wall Street Is Watching Next After 25% Tumble

IBM stock ticked slightly lower Wednesday morning, following a brutal sell-off on Tuesday. Wall Street analysts were working to make sense of the results, which IBM Chief Executive Arvind Krishna acknowledged were "disappointing." IBM blamed an earnings and revenue miss on an AI-driven "capex reprioritization" that shifted enterprise tech spending toward hard-to-secure components like chips, memory and storage. Analysts with Oppenheimer downgraded IBM stock late Tuesday to a neutral "perform" rating from a prior outperform following the preannounced results.

Elevance Stock Falls on Medicaid Concerns
The Wall Street Journal34d agobearish
Elevance Stock Falls on Medicaid Concerns

Skittish investors pushed Elevance shares down, as they focused on worries about its Medicaid business. CEO Gail Boudreaux said the insurer’s Medicaid results were roughly what it expected, but the company is leaving the District of Columbia’s Medicaid market and plans to exit others over the next year to 18 months.