ServiceNow NOW and Salesforce shares climbed 5% on Wednesday after Guggenheim upgraded the software companies, arguing that their valuations have become attractive despite ongoing risks posed by artificial intelligence. The upgrade comes after a difficult year for enterprise software stocks, with investors reassessing growth prospects as AI reshapes the industry. ServiceNow shares are down 33%
Nvidia stock (NVDA) edged lower on Wednesday as investors appeared to take profits across semiconductor stocks following a record-breaking first half for the sector. Shares of Nvidia fell 2.15% to $195.79 in early trading. The decline came after the stock gained 2.6% on Tuesday and reclaimed the $200 level for the first time in several
SpaceX stock (SPCX) fell sharply on Wednesday as investors continued to navigate volatile post-IPO trading. Shares of Elon Musk’s space and artificial intelligence company dropped more than 6% to $159.95 in early trading. The decline came amid broader weakness in technology and semiconductor stocks. The Nasdaq Composite fell 0.4%, while the S&P 500 slipped 0.1%.
Meta Platforms shares META surged in trading on Wednesday following a report that the company is developing a cloud infrastructure business that would sell artificial intelligence computing power and AI models to external customers. The proposed business would allow Meta to generate revenue from excess AI computing capacity, potentially creating a new source of income
Cardano’s slide to near $0.24 on Friday has injected fresh investor concern, with the token underperforming alongside sharp pullbacks in Bitcoin and Ethereum. The move, which has seen the ADA price down 4% in the past 24 hours and 9% this past week, has revived fears that the bear phase may yet have another leg
Wall Street opened lower on Friday, as the ongoing Middle East conflict continued to weigh on investor sentiment despite a delay in potential US military action against Iran’s energy infrastructure. The Dow Jones Industrial Average fell 333 points, or 0.7%, while the S&P 500 slipped 0.6% and the Nasdaq 100 declined 0.75%. The cautious tone