artificial-intelligence technology
Coverage of artificial-intelligence technology in the Nexus archive.
- Asian shares are mixed and oil prices hold steady as the US raises pressure on Iran
Asian shares were mixed while oil prices remained stable after U.S. Treasury Secretary Scott Bessent announced fresh sanctions against Iran. U.S. markets faced tech stock pressure due to concerns that AI technology profitability may falter, impacting companies like Nvidia and Micron Technology.
- US stocks rise after data shows slowing inflation, even as IBM plunges
US stocks rose as inflation data showed slower-than-expected price increases, reducing pressure on the Federal Reserve to raise interest rates. Tech stocks like Micron Technology and Nvidia rebounded after recent declines, while oil prices fluctuated amid Middle East tensions.
- US stocks drift near their records after oil prices fall
US stocks edged near records amid falling oil prices following US-Iran talks over the war, which could ease Strait of Hormuz tensions. The S&P 500 and Dow rose slightly, while the Nasdaq dipped. Treasury yields climbed due to inflation concerns, with traders anticipating potential Fed rate hikes by year-end.
- Wall Street's record-breaking rally slows as Alphabet drags on the market
Alphabet's 4% drop due to a $80 billion stock sale to fund AI investments is slowing Wall Street's record-breaking rally, with the S&P 500 down 0.1% and the Nasdaq falling 0.3%. Meanwhile, companies like Hewlett Packard Enterprises and Generac saw gains amid rising AI demand.