US stock markets closed lower Friday, with the Dow down 380 points and the S&P 500 and Nasdaq dropping 1% and 1.4%, respectively, ending a losing week. Chipmaker shares plunged due to rising concerns over China's rapid AI advancements, highlighted by new AI models from Chinese firms challenging US dominance. Renewed US-Iran air strikes and geopolitical tensions in the Middle East also pressured markets, pushing oil prices higher. Tesla founder Elon Musk lost trillionaire status as SpaceX shares fell sharply. Analysts warn that geopolitical risks and AI spending uncertainties may keep markets volatile in the near term.
Apple briefly surpassed Nvidia to become the world's most valuable company, with a market cap exceeding $4.91 trillion, as investors reassess AI investment prospects. Nvidia's shares fell alongside other chipmakers, reflecting concerns about near-ter...
San Francisco has directed Apple and Google to remove dozens of apps from their stores that digitally undress people in photos without consent, violating California laws against non-consensual deepfake pornography. Despite warnings and reports since ...
TappAlpha launched the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), combining ten major US tech and growth stocks with a daily covered-call options strategy to generate monthly income. The fund includes big names like NVIDIA, Micro...
SpaceX's stock dropped 5.5% to $122.12, falling 44% from its intraday high of $225.64 after its IPO debut at $135. The decline reflects concerns that the $2 trillion valuation was too much for the U.S. market to absorb. Despite heavy options trading,...
Apple overtook Nvidia to become the world's most valuable company, valued at $4.88 trillion compared to Nvidia's $4.86 trillion, reflecting a shift in investor focus beyond just AI chipmakers. Apple's renewed top position highlights confidence in its...
