Shares

Apple shares opened down 8%, Microsoft 5%, Nvidia 14%, Google parent Alphabet 6%, Amazon 8%, Facebook parent Meta 7% and Tesla 11%.

The global stock market slide wiped out billions of dollars from the net worths of the world’s richest people.

Investor Bill Ackman had planned to take his capital management firm public as a hedge fund for ordinary investors.

A leader in all things technology for decades, the profitable but often plain Microsoft received a jolt over the last two years as analysts declared Microsoft the immediate winner in the AI rave, though it disappointed investors Tuesday.

The billionaires behind Tesla, Alphabet, Meta, LVMH and more saw their fortunes plunge in the billions on Wednesday following a rash of earnings reports that disappointed investors.

Musk remains the richest person on Earth even after losing the equivalent of the 113th-wealthiest person’s entire fortune in one morning.

The stock is on pace for its second-best day on Wall Street ever.

Large technology stocks flails as lower interest rates appear on deck and investors view a Trump presidency as increasingly likely.

Tesla stock, viewed by analysts as a beneficiary of a Trump Administration, gained 5% in the first day of trading after its CEO Elon Musk endorsed Trump following the attempt on Trump’s life.

The lawsuit was brought by a software engineer who alleged he was not hired by the tech giant because he was a U.S. citizen.