Quantum Computing Firm Xanadu Plunges 67% After SEC Filing Triggers Selloff
Canadian quantum computing company Xanadu (XNDU) plunged over 67% in pre-market trading after filing to register 294 million shares for resale with the SEC.
Tech Stocks
S&P 500 Closes Above 7,200 for First Time, Nasdaq Tops 25,000 in Historic Rally
The S&P 500 closes above 7,200 for the first time and the Nasdaq Composite surpasses 25,000, driven by Apple’s strong earnings and the best April rally since November 2020.
S&P 500 closes at record high as AI rally drives tech stocks higher
The S&P 500 index closed at a new all-time high on Thursday, driven by an ongoing AI investment surge that powered tech stocks higher, with Apple leading Wall Street gains.
Stock Market Hits Fresh Records: AI Trade Fuels Tech Rally as Nvidia Market Cap Reclaims $5 Trillion
Driven by sustained AI investment enthusiasm, the S&P 500 and Nasdaq both hit all-time highs, with Nvidia’s market cap breaking above $5 trillion once again and Apple shares surging.
Nasdaq Crosses 25,000 for the First Time as Tech Stocks Drive U.S. Markets to Record Highs
The Nasdaq Composite index breaks through 25,000 for the first time, with the S&P 500 and Dow Jones also surging, driven by AI chips and tech sector strength.
Wall Street April Surge: S&P 500 Closes Above 7,200 for First Time, Dow Jumps Nearly 800 Points in Best Month Since 2020
U.S. stocks surged on the final trading day of April, with the S&P 500 closing above 7,200 for the first time and the Dow jumping nearly 800 points, as all three major indices posted their biggest monthly gains since 2020.
Report: OpenAI Misses Revenue and User Growth Targets, Tech Stocks Fall
The Wall Street Journal reports that OpenAI has failed to meet internal revenue and user growth targets in its high-stakes sprint toward an IPO, sending tech stocks lower.
Wall Street Closes Lower as AI Growth Worries and Oil Surge Weigh on Markets
Nasdaq and S&P 500 close lower on Tuesday as concerns over AI growth prospects and oil prices above $112 weigh on markets ahead of Big Tech earnings.
OpenAI Misses Revenue and User Growth Targets, Tech Stocks Tumble
OpenAI reportedly fell short of internal revenue and user growth targets during its critical sprint toward an IPO, triggering a chip stock selloff and a Nasdaq decline of over 1%.
Big Tech's $16 Trillion Earnings Week: Markets Test AI Investment Returns, Rally Hangs in Balance
Five major tech giants with a combined market cap exceeding $16 trillion will report earnings this week, as markets scrutinize whether massive AI investments are delivering real returns.