OpenAI’s struggles could cause the AI bubble to burst, bringing down with it much more than the company’s hardware division.
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Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index falling 1.2% and the
(Updates prices in the second and final paragraphs.) Gold edged lower midafternoon on Wednesday e
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 stock continued its multi-week downtrend Wednesday, officially falling below its IPO listing price.
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.
With Lucid slamming reports of bankruptcy, what should you do with the stock?
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...
AI hardware stocks are getting hit hard today, but the selloff may say more about crowded positioning than any crack in the underlying trade. Here is what is driving the moves in Dell, HPE, and Super Micro Computer and what investors should watch into the close.
Shares in Elon Musk’s SpaceX have fallen below their initial public offering (IPO) price for the first time since the rocket company went public.
The bank says the Hyperliquid partnership and rising competition could weigh on Circle and Coinbase's stablecoin revenue.
An Army official says the Pentagon is working with Anduril and other private defense contractors on hypersonic missile and technology efforts.
Three Wall Street analysts lowered their price targets on Microsoft stock on Wednesday as the software giant faces AI-related uncertainties.
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...
A single report on Chinese memory chip makers sent Micron tumbling and pulled Intel, AMD, and Marvell down with it, raising a question traders need to answer fast: is this a sector-wide buying opportunity or the start of something bigger?
The Bitcoin treasury giant will issue fresh preferred stock and resume buying once its Stretch shares climb back to par, CEO Phong Le said.
A fresh Morgan Stanley analysis just upended the thesis that sent neocloud stocks spiraling, and Nebius is responding with a business model shift that changes the growth math entirely.
Lucid confirms working with AlixPartners but calls bankruptcy rumors "completely false."
OpenAI says it sees no evidence supporting Apple's lawsuit over alleged trade-secret theft.
Dell has emerged as an unexpected beneficiary after IBM's results highlighted a growing enterprise shift toward AI infrastructure investments.
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.
OpenAI plans a screen-free AI home device while Apple seeks an injunction that could delay its rollout.
Lucid stock cratered 50% before staging a dramatic intraday reversal, but with a 31% Polymarket bankruptcy probability still lingering after the denial, traders are left wondering whether Wednesday's relief rally is a genuine turning point or just a dead cat bounce.
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.
Shares closed just $1 above the IPO price as Wall Street remains broadly bullish despite continued selling pressure.
Billion-Dollar AI Deal Can't Save Nebius Stock as Meta Threat Looms
OpenAI still plans a year-end device reveal, but Apple's lawsuit, ecosystem strength and rising component costs may complicate its hardware push.