Tag: market
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Chip selloff erases over $1 trillion in stock market value
June 5 : U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom’s weak report earlier this week reverberated across Wall Street.The PHLX chip index slumped almost 8.5 pe
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Bitcoin’s star fades, as investors flock to lustre of AI and megacap IPOs
LONDON, June 5 : Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new listings such as SpaceX lure away capital from the world’s largest cryptocurrency. Its price has tumbled around 15 per cent this week,…
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Watch: Is there an AI stock market bubble, and is it ready to burst?
Despite the Iran war, inflation and debt fears, US markets keep hitting record highs, fueled largely by AI. BBC’s Samira Hussain looks into whether that bubble will burst.
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Broadcom tumbles as revenue miss clouds AI boom bets
June 4 : Broadcom shares sank about 12 per cent in premarket trading on Thursday, a day after the company missed quarterly revenue views and disappointed investors’ lofty expectations of stronger momentum from the AI boom.The chipmaker could lose more than $285 billion in market cap at the current price of $4
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South Korea finance minister vows response to financial market volatility
SEOUL, June 4 : South Korea’s finance minister said on Thursday authorities would closely monitor risks around domestic stock, bond and foreign exchange markets and take measures to curb excessive volatility.”Minister Koo Yun-cheol emphasised he will immediately take necessary measures to respond to excessive
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Analysis:US tech stocks’ market dominance reaches new heights and presents new risks
NEW YORK, June 3 : The charge higher in U.S. technology stocks has made broader indexes as reliant as ever on the group – and more vulnerable should those market leaders trip up.With stunning gains over the past two months, the S&P 500 technology sector now accounts for more than 39 per cent of the…
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AI giant Anthropic plans to sell shares in US as valuation nears $1tn
The AI company behind Claude is set to offer the public the chance to buy and sell shares in the firm later this year.
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Tobias Burns
Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting ClubPROLivestreamMenu Latest AT&T downgraded ahead of SpaceX IPO on coming broadband competition from StarlinkTobias Burns32 Min AgoWhy Alphabet’s AI spending surge could weigh
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Justin Zacks
Justin Zacks is a Senior Equity Analyst & Correspondent for CNBC. Prior to joining CNBC, Zacks served as Vice President of Strategy for Moomoo Technologies. Before Moomoo, he covered the equities market at Bloomberg News.
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