Wall Street stumbled into midday trading on Tuesday as investors pulled back from technology and artificial intelligence stocks, sending major indices lower in a cautious session ahead of Nvidia’s pivotal earnings report. The Dow Jones Industrial Average dropped approximately 300 to 361 points, while the S&P 500 fell roughly 0.3% to 0.5% and the Nasdaq
BigBear.ai (NYSE: BBAI stock) defied broader market weakness on Tuesday, jumping more than 10% to reach $6.00 amid elevated trading volumes as the defense-tech AI company bucked the risk-off sentiment, crushing major indices. While the Dow, S&P 500, and Nasdaq all declined as investors grew nervous ahead of Nvidia’s earnings and delayed economic data, BigBear.ai
Meta has secured a major legal victory after a US federal judge dismissed the Federal Trade Commission’s high-profile antitrust case, ending a years-long effort by regulators to unwind the company’s acquisitions of Instagram and WhatsApp. The ruling marks one of the most significant setbacks for US antitrust enforcement in the tech sector and underscores how
Wix’s stock price has crashed to a bear market this year, as it has crashed by over 48% from its highest level this year, as concerns about its growth and the emerging competition rise. It was trading at $126 on Wednesday, with its market capitalization remaining at $7 billion, down from the year-to-date high of
Advances in AI arrive faster than users can track them. The release of Google’s Gemini 3, the billion-dollar partnerships around Anthropic’s Claude, and fresh updates from OpenAI have condensed years of progress into a single season. Every major tech company is betting on larger models, new chips, and aggressive cloud expansion. But the real issue
The Netherlands has stepped back from its emergency controls over chipmaker Nexperia, easing tensions with China and calming pressure on global supply chains that were beginning to spill into the automotive industry. The move follows renewed diplomatic engagement between Chinese, Dutch, German, EU, and US officials, who worked to resolve a standoff that had cast
Developer of AI-powered sidewalk delivery robots, Serve Robotics, has a question for the American food delivery industry: “Why move 2 lb burritos…in 2 ton cars?” It is seeking to provide a solution with thousands of AI-powered, low-emission sidewalk delivery robots, with a long term aim to bring down delivery cost to about $1, and is
Top crypto stocks will be under pressure on Monday as Bitcoin and most altcoins continue their downtrend. The Bitcoin price has crashed to $95,000, down by about 25% from its highest point this year. Ethereum price has retreated to $3,200, down by about 35% from the year-to-date high, while XRP has slumped by nearly 40%
In the past couple years, the US market was mostly guided by the story of AI, chips and data centers. The thrill of giving money to the so-called “hyperscalers” that would then invest heavily in AI infrastructure investments would get any investor hyped up. But we are now discovering that building the AI future is
Asia-Pacific’s technology, media, and telecommunications (TMT) landscape is witnessing a strong comeback as dealmaking surges to a four-year high, according to JPMorgan Chase & Co. The investment bank confirms that market momentum has strengthened significantly across China, India, and Hong Kong, setting the pace for continued acceleration. Mark Fiteny, who leads JPMorgan’s TMT investment banking