Tech stocks on Wall Street defied sticky inflation Friday to post their biggest gain in more than two months—easing market anxiety about a slowdown in economic activities—after blockbuster first-quarter earnings and continued betting on artificial intelligence fired up the valuations of major companies.
The Jersey-based owner of Petco and Swiss watchmaker Breitling is slated to start trading on the Amsterdam stock exchange on Friday with a valuation of up to $16 billion, enough to mint 10-figure fortunes for at least two co-founders.
Former President Donald Trump is on the cusp of adding another $1.3 billion to his social media fortune, though the valuation of his company remains downright puzzling, likely putting in doubt how much of his stake he’ll ever be able to cash in on.
There are unusually high stakes surrounding Tesla’s upcoming earnings report, as Wall Street prepares for what is expected to be the company’s worst quarter in years by most mainstream metrics and investors prepare for more details on projects the company’s enigmatic CEO Elon Musk claims he’s close to betting the $450 billion company on.
Tesla stock notched another grim milestone Friday, extending stock year-to-date dive to over 40%, and there remains plenty of cause to remain highly cautious about the stock in the near term even as it grows cheaper.
Unlike major competitors including Google’s Gemini and OpenAI’s ChatGPT, Meta’s Llama 3 model is open source and the AI assistant it powers has previously been locked inside the company’s app ecosystem, which includes Facebook and Instagram.
The price of bitcoin surged to an all-time-high in March this year – and it’s expected to rise again as the cryptocurrency approaches its halving event in April.
Amazon hit a new record share price Thursday for the first time since July 2021, completing its dramatic recovery from its 2022 doldrums as investors seemingly can’t get enough of big technology stocks.
Disney+ was the third most popular video-on-demand platform in the country last year, according to Telsyte. In March the company increased the cost of its subscription by 30%. Now, Disney confirms it is putting an end to password sharing.
Donald Trump is more than $5 billion richer today after shares of Trump Media & Technology Group, which operates the Truth Social platform, began trading on the Nasdaq.