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US Stock Market Today: S&P 500, Nasdaq Plunge Up To 1% On Tech Selloff; Micron Erases AI Gains
Dow Jones Industrial Average was down 0.23% to 51,800.87 at open after hitting a fresh high in the last session.
OpenAI may push IPO to next year: What's behind the delay?
OpenAI is considering delaying its IPO until next year due to SpaceX’s poor debut and a drop in tech stocks. The company had previously prepared for a listing this year. Here's what happened.
Goldman sees big tech stocks turning attractive amid chip volatility, 'you want to diversify toward hyperscalers'
Big tech stocks could turn more attractive in the artificial intelligence trade as chipmakers show continued volatility, according to Goldman Sachs Group Inc. strategist Christian Mueller-Glissmann.
US stock market today: S&P 500, Nasdaq futures slide up to 1% as global tech sell-off resumes
US stock futures declined on June 26 due to a renewed global technology sell-off. Nasdaq futures dropped 1.1%, influenced by concerns over high valuations, production cuts, and rising market volatility affecting investor sentiment.
Japan markets tumble as tech stocks come under pressure
Investor sentiment weakened due to ongoing concerns about the high costs of artificial intelligence infrastructure and uncertain returns. SoftBank Group plunged nearly 13% after reports that OpenAI may delay its planned initial public offering until 2027, postponing potential gains for the company. Other major tech stocks, including Kioxia Holdings, Fujikura, Advantest, Tokyo Electron, and Taiyo Yuden, also posted steep losses.
Cummins India to invest more in green tech
Cummins India is aggressively investing in electric, fuel blending, and hydrogen technologies to secure growth beyond 2030 and counter rising Chinese competition. The company, a leader in engines and power generators, is also strengthening its supply chains against geopolitical risks. Managing Director Shveta Arya highlighted the importance of reliability and customer relationships in a dynamic market, while also eyeing opportunities in India's burgeoning data center sector.
IPO delay? OpenAI considering pushing back listing to 2027 amid volatility in tech stocks, says report
OpenAI is considering delaying its IPO until 2027 due to recent tech stock volatility, as reported by the New York Times. CEO Sam Altman aims for a $1 trillion valuation, working with Goldman Sachs and Morgan Stanley for a potential listing.
Bitcoin price tumbles below $60,000 to 20-month low as tech rout, rate fears rattle crypto market: What lies ahead?
With Bitcoin's recent drop below $60,000 amidst a tech stock sell-off, analysts express concerns about ongoing volatility driven by macroeconomic factors. Despite slowing outflows from ETFs, the crypto market remains weak.
GIFT Nifty tumbles over 150 points as global sell-off in AI stocks rattles sentiment
GIFT Nifty signals a weak start for Indian markets after a sharp global sell-off led by declines in AI and semiconductor stocks across Asia. Profit booking, weak tech sentiment and mixed Wall Street cues weighed on markets, even as analysts maintain a positive near-term outlook for Nifty above key support levels.
Asian shares ease from record highs as Apple's price hikes weigh on tech
The Nasdaq swung lower overnight after Apple slid 6.1 per cent after announcing price hikes for iPads and MacBooks to counter surging memory and storage chip costs
S Korean shares fall 8%, set for worst week since March on US tech selloff - Business Standard
S Korean shares fall 8%, set for worst week since March on US tech selloffBusiness Standard
Former Executive Sues Meta Over Attempts To 'Silence' Her Memoir 'Careless People'
The lawsuit, filed Thursday in federal court in Northern California, claims the tech giant's private arbitration order barring her from speaking about the company or promoting her bestselling book is invalid.