On Monday, U.S. stocks experienced a decline, largely influenced by a sell-off in tech stocks, particularly Nvidia. The tech giant saw a 5% drop and is now down 14% from its recent all-time high, following a 143% surge this year. This decline is mainly attributed to profit-taking after the significant rally experienced by Nvidia. Investors … Read more
Telefónica Tech and IBM have joined forces in a collaboration agreement to advance the deployment of artificial intelligence, analysis, and data governance solutions within companies. This partnership aims to assist clients in navigating the challenges of integrating new technologies and maximizing the value they bring to their business operations. Initially focused on Spain, the agreement … Read more
On June 24, 2024, traders at the New York Stock Exchange experienced a boost in the Dow Jones Industrial Average by 260 points, fueled by a shift from technology to banking and energy stocks like Goldman Sachs and Chevron. Despite this, Nvidia shares took a dive, continuing a decline from the previous week. The S&P … Read more
Missouri Attorney General Eric Schmitt has filed a lawsuit against a tech giant, alleging discrimination against whites and Asians. The lawsuit claims that the company has been engaging in discriminatory practices that favor minorities over white and Asian employees. This legal action comes amid growing concerns about bias and discrimination in the tech industry. The … Read more
Asian stock indexes remained stable after a mixed day on Wall Street, with speculation that the tech sector’s rally may be slowing down. Futures indicated a potential rise in Hong Kong and Australian stocks, while Japanese stocks held steady. Nvidia experienced a three-day decline, causing it to cross into correction territory. Despite this, the chipmaker … Read more
Investor sentiment in Asian markets may be dampened on Tuesday due to profit-taking in U.S. Big Tech and AI stocks. This trend could be offset by a rotation towards cheaper and weakened sectors. While the Dow Jones reached a one-month high on Monday, the Nasdaq fell for the third consecutive day, leading to caution ahead … Read more
The state of Missouri has filed a lawsuit against a tech giant for alleged discrimination against whites and Asians. The lawsuit was brought by US Turning Point, a conservative organization, and accuses the tech giant of favoring other ethnic groups over whites and Asians in hiring practices. The lawsuit claims that the tech giant’s diversity … Read more
Nvidia (NVDA) stock has declined by 9% in the last five trading days, impacting high-tech indices like ^DJI, ^IXIC, and ^GSPC. Commonwealth Financial Network CIO Brad McMillan discusses recent trends in the technology sector and major chip players. While Nvidia remains dominant in the artificial intelligence market, McMillan sees opportunities in other companies in the … Read more
Tesla has emerged as the leader in tech layoffs in the US in 2024, with companies like Dell, Cisco, Xerox, PayPal, and Microsoft following suit. This trend is indicative of the changes taking place in the technology sector, with companies making strategic decisions to streamline their operations and adjust to evolving market conditions. The layoffs … Read more
Over 1,200 STEM students and workers have pledged not to work at Google or Amazon due to their involvement in Project Nimbus, a $1.2 billion project providing cloud computing infrastructure to the Israeli government. Critics say the project enables Israeli surveillance of Palestinians and occupation of their land. Some tech workers have demanded their employers … Read more