In a recent market analysis, Yahoo Finance Markets Reporter Jared Blikre delved into the unexpected downturn experienced by tech giants Apple and NVIDIA. Apple (AAPL), following a rapid ascent to a record high, suddenly plunged by 3.99%. Blikre points out that history has shown that when Apple's fall from grace is swift, it often leads to a prolonged decline, signifying a potential rocky road ahead for its shares. Adding to the tech turmoil, NVIDIA (NVDA) struggled to surpass its earnings day high of 499, causing concern among investors. While NVIDIA shares remain close to their record high, Blikre advises caution when considering investments in the company, given its recent -3.19% drop. Despite these setbacks, Blikre highlights some positive indicators in the tech sector, with the Technology Select Sector SPDR Fund (XLK) showing promise due to an upcoming double top formation. Similarly, iShares Expanded-Tech Software (IGV) surged by 4.89% in the recent month, outperforming competitors like iShares Trust- iShares Semiconductor (SOXX), which fell by -1.07%. Microsoft (MSFT) also appears to be in decent shape, gearing up for a potential double top. Tech investors are now facing a mixed bag of opportunities and challenges, and Blikre's insights provide valuable guidance for navigating these uncertain waters.
Tina Turner was a singer, songwriter and actress. Known as the "Queen of Rock 'n' Roll".CALGARY — Enbridge Inc. says it has signed a US$14 billion cash-and-debt deal to purchase three U.S.-based utility companies. The Calgary-based energy infrastructure giant says the three utilities, owned by Dominion Energy, Inc., are The East Ohio Gas Company, Questar Gas Company and its related Wexpro companies, and the Public Service Company of North Carolina.
Donald's Trump's Truth Social got a lifeline this week after a blank-check company that could infuse the social media platform with cash agreed to extend a critical deadline for a year. Digital World Acquisition Corp., a special-purpose acquisition company, or SPAC, had a Friday deadline to complete its acquisition of, or merger with, Truth Social parent Trump Media & Technology Group.
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Big Tech's core businesses face overhaul under EU tech rulesThe EU Commission on Wednesday designated 22 services of six major tech companies as 'gatekeepers' of online services providing messaging to video sharing in its latest crackdown on Big Tech. The firms are Alphabet, Amazon, Apple, Meta, Microsoft and TikTok owner ByteDance. A list of dos and don'ts set out in the European Union's Digital Markets Act (DMA) will force the sector to radically reshape its core business practices, a move which may encourage similar steps in other countries.
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EU Challenges Apple, Microsoft in New Push to Rein in Big Tech DominanceMicrosoft Corp. and Apple Inc. face fresh investigations from European Union regulators as part of the bloc’s landmark digital markets clampdown, which could end up forcing significant changes in how the firms do business in the region.
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The AI market will be worth $600 billion, Nvidia exec saysAccording to Nvidia, $600 billion is tied to a major bet on accelerated computing.
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Nvidia’s rally is going to show traders what a market bubble looks like, investor saysNvidia Corp. may be riding a revolution in computer science, but the stock is \u0027a textbook story of a Big Market Delusion.\u0027 Find out more.
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Nvidia’s rally is going to show traders what a market bubble looks like, investor saysNvidia Corp. may be riding a revolution in computer science, but the stock is \u0027a textbook story of a Big Market Delusion.\u0027 Find out more.
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AI, jobs, & Microsoft: Day one takeaways from Goldman Sachs' tech conferenceWill AI 'crush' jobs? Maybe, maybe not. But it's definitely something that is being discussed at Goldman Sachs' big annual tech conference Communicopia. Yahoo Finance's Brian Sozzi and Allie Garfinkle are at the conference talking to CEOs and executives who are attending. 'AI is everywhere in this conference,' Sozzi says, but where there's talk of AI, there will usually be talk of Nvidia (NVDA). Garfinkle explains that it was standing room only at an event featuring a Nvidia vice president. She also says that Microsoft (MSFT) is 'everywhere,' given that it has a role in everything from cybersecurity to the cloud. Click here for more of Yahoo Finance's coverage from the Goldman Sachs Communacopia tech conference.
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