Wall Street has its worst day in a month
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Questions have been rising about whether such AI superstar stocks can add more to their already spectacular gains.
Gene Munster thinks Wall Street isn't factoring in a few key developments as analysts prepare for the chip giant's Q3 earnings report on November 19.
The S&P 500 slipped 0.2% in early trading. The Dow Jones Industrial Average was up 78 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% lower. All three are still near their all-time highs, but they’ve been shaky recently.
A rough week for tech stocks might signal a loss of investor confidence in artificial intelligence. The Wall Street Journal reports that the Nasdaq Composite Index was down 3% — making this its worst week since President Donald Trump announced his sweeping tariff plan in April.
Alibaba reportedly preps revamp of AI app to resemble ChatGPT. China's Baidu sets stage for new AI chips at its annual tech event. Jobs, CPI reports for October may never be released - WH.
Goldman's head of AI engineering for asset management, Dan Popescu, tells Business Insider what makes candidates stand out.
Stocks on Wall Street slumped on Thursday as worries about high valuations of artificial intelligence (AI) businesses returned and amid doubts about US interest rate cuts. The tech-heavy Nasdaq Composite dropped by more than 2.3pc, its third-straight day of losses.
Does Michael Burry of "The Big Short" Fame Know Something Wall Street Doesn't? He Just Made a Billion-Dollar Bet Against 2 Companies Driving the AI Boom. Hedge fund manager Michael Burry predicted trouble in the U.S. housing market -- ahead of the subprime market crash.