This week's selloff in technology stocks underscores a gnawing anxiety among investors: whether Big Tech's massive spending on artificial intelligence will ultimately pay off. The Nasdaq Composite ...
Steve Otteson wasn’t planning to retire. The 55-year-old software engineer had been working at Microsoft for almost three decades, and he figured he still had a few more years in him. Then, this ...
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A major technology stock selloff stretched into a second day Tuesday as investors questioned whether artificial intelligence will generate the profits that have fueled lofty valuations for companies ...
US stocks fell on Tuesday as a global tech selloff extended into a second day. The declines follow a rally in AI-exposed stocks and several rounds of debt-based capital raising at large tech firms.
Ty Roush is a breaking news reporter based in New York City. Nvidia headlined broader losses across the Nasdaq in premarket trading on Tuesday, sliding 2.8% as the index dropped 2.8%, followed by ...
The cooling sentiment follows signals of higher interest rates and concern over the level of spending on AI investment, which has driven markets to record highs. Global stocks extended losses on ...
A sell-off led by tech and chip stocks gripped global equity markets on Tuesday. It came after a major tech sell-off on Wall Street during Monday's trading session. But market watchers told CNBC that ...
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Europe is done with American Big Tech. Well, sort of. Since the start of President Donald Trump’s chaotic second administration last year, concerned governments and companies across the continent have ...
Colin is a Senior Writer of tech and financial news. He has more than three years of experience writing, editing, proofreading, and fact-checking content. He received his M.A. in journalism from The ...
For at least a decade, tech giants have tried to develop computers that can handle complicated tasks on a user’s behalf. But those efforts have largely fallen flat, with assistants like Alexa and Siri ...