Nasdaq Falls 2.4% as AI Selloff Hits Nvidia, Meta and SpaceX
Nvidia, Meta and SpaceX shed roughly $575 billion in an afternoon snapshot as AI financing worries and rising oil prices send U.S. stocks lower.
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Nvidia, Meta and SpaceX shed roughly $575 billion in an afternoon snapshot as AI financing worries and rising oil prices send U.S. stocks lower.
Chris Dixon confirms a16z Crypto is becoming a16z Frontier, broadening its investment remit while maintaining its commitment to crypto and existing portfolio companies.
Goldman estimates central banks bought 79 tonnes of gold in August, while Dutch and French reserve changes highlight a renewed focus on storage and access.
China’s CSI 300 closes down 1.84% as a roughly 20% retreat from June’s peak puts earnings, AI investment and Beijing’s market support in focus.
Barclays plans 5,000 job cuts this year, with 4,000 still to come, as AI adoption and restructuring accompany higher profit and a £500 million buyback.
France’s 10-year bond yield reaches about 5.05%, its highest since 2002, as budget deadlock and unrest intensify scrutiny of the country’s debt.
Meta faces a $25 billion New Mexico penalty over misleading Facebook privacy claims, with 15% annual interest and an appeal planned.
Berkshire Hathaway sets new intraday highs in both share classes, with BRK.B at $543.34 and BRK.A near $814,730, as investors assess Greg Abel’s capital allocation.
SpaceX and Tesla are considering an all-stock deal or a new holding company, Reuters reports. Independent committees have not agreed on terms as Musk remains outside...
Tesla reports $0.48 in adjusted quarterly earnings per share and $28.05 billion in revenue. TSLA rises after hours as free cash flow recovers despite lower reported...
Meta’s revenue rises 26% to $64.6 billion, beating forecasts, as shares gain after hours. A large legal charge, heavy AI spending and new Class C shares...
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