The Dow Jones and Nasdaq 100 have remained under intense pressure in recent days as concerns about the artificial intelligence (AI) sector persist. The tech-heavy Nasdaq 100 Index (NDX) slumped to 28,840, its lowest level since September 16 and about 8% below this year’s peak. The Dow Jones has also retreated, falling to 52,220, a
AI development is increasingly dependent on the physical infrastructure needed to power data centres, with electricity supply, grid connections and utility investment emerging as critical constraints on the industry’s expansion, according to Goldman Sachs. While advances in AI models continue to drive demand for computing capacity, the infrastructure required to support that growth operates on
US stocks ended lower on Friday as losses spread beyond technology shares, while rising oil prices and renewed concerns over the US-Iran conflict added pressure to markets. Investors also looked ahead to a busy week of corporate earnings and the Federal Reserve’s upcoming interest-rate decision. The Dow Jones Industrial Average fell 1.25%, or about 659
Cardano edged higher on Friday, trading around $0.2156 after a roughly 6% decline in the previous session. The nearly 2% rebound offered some relief, but ADA remained below key moving averages and its former rising support trendline. Mixed whale activity and weaker derivatives positioning suggest the recovery still faces selling pressure. Momentum indicators also remained
Bloom Energy shares BE rose over 6% on Wednesday after SpaceX CEO Elon Musk said power generation and cooling infrastructure, rather than semiconductor availability, were emerging as the main constraints on the expansion of artificial intelligence computing capacity. “I think people are starting to realize the constraint on deployment of superintelligence is more in power
Strategy (MSTR) stock has traded within a narrow range over the past few days as Bitcoin’s rally has lost momentum. The stock was trading at $142.70, down from its September high of $170. However, this period of consolidation could be the calm before the storm, especially after JPMorgan issued a bold prediction about Bitcoin’s future
The Nasdaq Composite rose on Monday as investors returned to technology and artificial intelligence-related stocks following last week’s sharp selloff, while markets looked ahead to earnings from major US companies. The tech-heavy index gained 1.1%, while the S&P 500 advanced 0.4%. The Dow Jones Industrial Average finished slightly below the flatline. The rebound followed a
Anthropic’s potential initial public offering is facing an early test of investor appetite, with some prospective and existing investors reportedly considering a valuation of around $1.5 trillion, below the roughly $2 trillion target previously expected for its November listing. The reassessment follows a slowdown in the company’s sequential revenue growth and comes as investors grow
Dell Technologies stock has pulled back sharply over the past few days, with its market capitalization falling from $375 billion earlier this month to about $300 billion today. The decline has coincided with a broader retreat among other leading AI infrastructure companies. The question now is whether the sell-off is justified or whether this is
Netflix (NFLX) is laying off about 6% of its global workforce, or roughly 1,000 of its employees, adding another uncomfortable headline to its ongoing struggle with slowing growth. These job cuts, communicated to employees on October 14th, represent its biggest round of layoffs since 2022, according to The Wall Street Journal. Netflix stock has been