Related News

For the first time in history, scientists have captured an image of two black holes orbiting each other, confirming a long-held astronomical theory. Researchers from the University of Turku in

FILE PHOTO: Ariel Cohen during a panel at DLD Munich Conference 2020, Europe’s big innovation conference, Alte Kongresshalle, Munich. Picture Alliance for DLD | Hubert Burda Media | AP Navan,

The launch of OpenAI’s updated Sora 2 AI video service kicked off another round of anxiety among musicians, actors and other content creators. Sora allows users to generate short videos

Applied Digital shares jumped 16% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350%

Rocket Lab shares have added more than a quarter in value this week as the aerospace company inked new launch deals in the burgeoning space tech industry. The stock gained

Microchip and Qualcomm logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023. Jakub Porzycki | Nurphoto |

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Tesla slumps, Alphabet jumps: Google’s parent company stock gains 3% on AI spend, Tesla drops 9% after Q2 result

Word Count: 614 | Estimated Reading Time: 4 minutes


Tesla slumps, Alphabet jumps: Google's parent company stock gains 3% on AI spend, Tesla drops 9% after Q2 result

Tesla and Alphabet stocks delivered sharply contrasting movements on Thursday, sending their shares in opposite directions and exposing choppy undercurrents beneath Wall Street’s calm surface.Alphabet rallied 3.1% after it beat quarterly profit estimates and announced a $10 billion increase in AI chip and infrastructure investment this year, taking its total to $85 billion. The move buoyed other AI-related stocks, including Broadcom.But Tesla tumbled 9.2% as investors reacted to Musk’s warning of “rough quarters” ahead. Despite Q2 results roughly in line with analyst expectations, Musk said the company was in a “weird transition period” and would lose key US incentives in the near term.The S&P 500 edged up 0.1% in early trade, extending its record run, while the Nasdaq gained 0.3%. The Dow Jones Industrial Average slipped 0.6%, or 265 points, dragged lower by Tesla and airlines, AP reported.Airline stocks also fell sharply. American Airlines dropped 9.3% despite beating Q2 earnings expectations, citing a potential summer-quarter loss. Southwest Airlines shed 8.9% after weak results, though it hinted at improving demand.The broader equity rally, fueled by hopes of pre-deadline US trade deals and easing inflation pressures, faces rising scrutiny over high valuations. Analysts say sharp individual stock swings continue to underpin an otherwise steady S&P 500, which hasn’t moved by more than 1% in a day for a month.In the bond market, Treasury yields inched up after jobless claims declined, reinforcing expectations that the Federal Reserve will hold rates steady next week despite pressure from President Trump for cuts. The 10-year yield rose to 4.43%.Globally, major indices posted gains, with Tokyo’s Nikkei up 1.6% and London’s FTSE 100 up 0.8%.





Source link

Most Popular Articles