Artificial Intelligence

Anthropic Sets IPO Price at $70 to $78 a Share, Eyeing a Value Near $1.4 Trillion

Claude maker Anthropic launched its IPO roadshow, offering 825 million shares at $70 to $78 each to raise up to…

30 minutes ago

Nasdaq Slides 5.5% Into Correction as AI Stocks Wipe Out Trillions After Midterms

The Nasdaq Composite fell more than 5.5% into correction territory Thursday as chip and AI-linked shares erased trillions in market…

5 days ago

Chip Stocks Shed $3.7 Trillion Since October as Nasdaq 100 Slides Into Correction

Chip and memory stocks have lost about $3.7 trillion in value since Oct. 6, and the selloff pushed the Nasdaq…

1 week ago

Stock Futures Rebound After Nasdaq’s Worst Month Since 2025 as Elections and Jobs Report Loom

Stock futures rose Monday after the Nasdaq 100 lost about 6.5% in October, as investors braced for a week packed…

1 week ago

Hedge Funds Dump $20 Billion in Tech Stocks, Erasing Their AI Buying Since 2025

Hedge funds sold about $20 billion in technology stocks over two weeks, wiping out all their net AI stock purchases…

1 week ago

Reddit Stock Plunges 23% as Google’s AI Search Cuts Off Its Traffic

Reddit beat earnings estimates but warned its user base could shrink by double digits, wiping out billions in market value…

2 weeks ago

Amazon Misses Estimates as AI Spending Pushes Cash Flow $42 Billion Into the Red

Amazon's third-quarter revenue and profit fell short of forecasts and its shares slid after hours, even as AWS grew 39%,…

2 weeks ago

U.S. Trade Deficit Widens to $134.9 Billion as Imports Hit Record

The U.S. goods trade deficit unexpectedly widened to $134.9 billion in September as imports climbed to a record $344.1 billion,…

2 weeks ago

China’s AI Stock Bubble Bursts, Erasing $480 Billion as Wall Street Weighs Its Own Risk

China’s STAR50 index of AI and chip stocks has fallen 40% in under four months, while U.S. economists question whether…

2 weeks ago

Microsoft Offers Buyouts to 60,000 Workers, More Than a Quarter of Its Staff

Microsoft opened a voluntary exit offer to about 60,000 employees, roughly 27% of its workforce, as its spending on AI…

2 weeks ago

Anthropic IPO Filing Shows $16.3 Billion in Revenue and an $80.7 Billion Loss

The maker of the Claude AI models made its IPO filing public Monday, revealing explosive revenue growth, a huge accounting-driven…

2 weeks ago

Nvidia’s Huang Floats $2,000-per-GPU Annual Fee for AI Agent Software

The chipmaker's CEO put a rough yearly price on the software that runs AI agents, but Nvidia has not said…

2 weeks ago

Musk Says SpaceX Closed $40 Billion GPU Debt Deal as AI Credit Market Tightens

Elon Musk said SpaceX's investment-grade rating and Starlink revenue helped it close $40 billion in debt for AI chips, while…

2 weeks ago

Paxton Sues OpenAI and Sam Altman, Seeks to Block Minors From ChatGPT

Texas Attorney General Ken Paxton accuses OpenAI of misleading users about ChatGPT's safety and wants a court to bar minors…

2 weeks ago

Dow Falls 653 Points to End Rocky Week as Oil Prices Climb

The Dow dropped 1.2% Friday as consumer and financial shares slid and oil climbed, while the S&P 500 and Nasdaq…

3 weeks ago