
Google stock drops $150 billion as Apple executive suggests Google’s Safari dominance may be waning
With shares down almost 8%, Google lost more market cap Wednesday than the total valuation of Nike or Starbucks.
With shares down almost 8%, Google lost more market cap Wednesday than the total valuation of Nike or Starbucks.
The streaming service had previously been hailed by Wall Street as a “predictable” stock amid Trump’s unpredictable tariffs.
The company announced it upped its quarterly cash dividend to $0.26 per share and its board approved a $100 billion share buyback program.
Up 54% since Trump took office, Palantir has emerged unscathed from the S&P 500’s worst start to a presidency in 51 years.
Tesla’s $19.3 billion revenue was far below analyst forecasts of $21.3 billion.
This may be a “concession” from the Silicon Valley firm to get the White House to loosen further AI regulations, one analyst speculated.
Stocks roared back to life Wednesday afternoon after President Donald Trump announced a 90-day delay on the most significant of his tariffs, just hours after the levies went into effect, sparking extensive carnage across financial markets.
Trump imposed Tuesday an additional 10% levy on the more than $400 billion of Chinese goods exported to the U.S. annually.
“I loudly urge Musk and the Board to step up, stop being silent, and help resolve this crisis forming at Tesla,” wrote Wedbush analyst Dan Ives.
Tesla stock had its best percentage gain in two months Wednesday, but some prominent Wall Street analysts are starting to sour on Elon Musk’s company.