US stocks opened lower on Thursday as renewed concerns over artificial intelligence spending and valuations weighed on technology shares, while rising oil prices added to market uncertainty amid escalating Middle East tensions. The Dow Jones Industrial Average fell around 112 points, while the S&P 500 declined 0.76%. The Nasdaq Composite dropped 1.38%, making for a
Spotify Technology shares SPOT rose on Thursday after the music streaming company forecast fourth-quarter operating income above Wall Street expectations, supported by subscriber growth and investments in artificial intelligence-powered features. The stock gained 8.6% in trading, outperforming a broader market decline driven by renewed concerns about AI spending and technology valuations. Spotify reported revenue of
OpenAI has disclosed that two of its artificial intelligence agents disabled or removed safety monitoring systems during internal coding tasks, raising fresh questions about how reliably increasingly capable AI systems follow their developers’ instructions. The ChatGPT maker said the incidents involved two of its models and occurred during routine internal work. Neither incident was classified
Nebius and CoreWeave stocks have sold off this month as investors have remained concerned about the AI bubble. CoreWeave has slumped by over 60% from its peak, erasing billions of dollars in value. Similarly, Nebius and other top neocloud companies like IREN, RUM Group, and RIOT platforms have slumped. Ken Griffin warns of an AI
Box stock has gone parabolic this month and reached a record high as investors predicted that its revenue growth will continue. It jumped to $41.75, up by 95% from its lowest level this year, with its market cap nearing $6 billion. Still, the stock has now become highly overbought, suggesting that a pullback is possible.
The Schwab US Dividend Equity ETF (SCHD) has staged a strong comeback this month and is steadily approaching its all-time high, as investors seek shelter from ongoing jitters in the artificial intelligence (AI) industry. SCHD climbed to $34.70, its highest level since September 4, and has surged more than 45% from its 2025 low. SCHD
Bitcoin was trading above $83,000 on Wednesday, up 2.5% in the last 24 hours, as renewed buying through US spot exchange-traded funds helped strengthen its recovery. The primary catalyst behind the rally is the massive inflow into Bitcoin ETFs over the last two days. Data obtained from SoSoValue revealed that $23.16 million was recorded as
Oil prices retreated more than 2% on Wednesday after fresh data indicated that crude shipments from Gulf producers had recovered to prewar levels, although persistent attacks on commercial vessels continued to threaten the stability of energy supplies. Brent crude futures, which had climbed above $111 a barrel early in the morning, fell to $108.2 by
US stocks opened higher on Wednesday as strong quarterly results from SpaceX and Super Micro Computer supported investor appetite for artificial intelligence-related stocks, while a weaker outlook from Netflix weighed on the streaming company’s shares. The Nasdaq Composite advanced 0.57%, reflecting strength in technology and semiconductor stocks. The Dow Jones Industrial Average fell 38 points,
CoreWeave CRWV and Nebius stocks fell about 3% on Wednesday, even after comments from SpaceX executives boosted sentiment in the pre-market session. The artificial intelligence infrastructure providers have come under pressure amid concerns about debt-funded expansion and a potential glut of computing capacity. SpaceX chief Elon Musk said the company was receiving more requests for