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...But analysts still said this season’s spree has been surprising and an indicator that a recent tech bull run, fuelled by excitement over the rise of generative artificial intelligence, is about to wane....
...Even as global temperatures smash through record highs, the oil industry is claiming the world can’t afford the rapid transition from fossil fuels to cleaner energy....
...The accord comes in the context of escalating concerns among lawmakers and experts about the potential for generative AI to imperil high-profile elections due to take place this year, including in the US...
...Southeastern shift The powerful earthquake that struck the ocean near Taiwan on Wednesday morning, killing at least nine people and shaking the island’s critical high-tech industries, may well serve as...
...With Big Tech, we’re looking at probably the most productive part of the economy. The rate of innovation is high. They spend a lot of money on R&D. They are among the largest patent holders....
...But tech platforms like having users on board....
...Only utilities (a fixed income substitute at a moment of high rates) and energy (beset by low oil prices) have produced disappointing results....
...As of Monday, the S&P 500 was 14 per cent above its 200-day average: This is high....
...The S&P 500 has hit multiple record highs over the past month, while the tech-dominated Nasdaq Composite was within touching distance of its own record this week....
...The S&P 500 closed at an all-time high on Friday after a blistering rally in tech stocks....
...The government contends that the company wields far more power in the US: around a 70 per cent share by revenue of the high-end smartphone market, and more than 65 per cent of all smartphones....
...The news sent Uber’s shares up 14.4 per cent in New York on Wednesday to a new high of $79.15....
...Epic largely lost a high-profile legal case against Apple in the US....
...The high price set a record just as stocks were falling. Desperation is off-putting....
...Measured by revenues and profits, Apple has long been the top smartphone maker thanks to the iPhone’s dominance at the high end of the market....
...The Mag 7 value trade Market pundits often talk about the Magnificent Seven big tech stocks as a homogeneous entity. This is a mistake....
...His reputation as an indefatigable tech maverick helped to make emission-free vehicles desirable, first for the Silicon Valley crowd then the world....
...Electrek, the tech publication, first reported news of the job cuts. Tesla declined to comment. Additional reporting by Sylvia Pfeifer in London and Stephen Morris in San Francisco...
...However, as pandemic restrictions lifted and interest rates rose, tech stocks slid — prompting Reddit to pause its IPO plans after filing confidentially to float at the end of 2021....
...Like its Big Tech peers, the company has faced regulatory action in the past without upending the way it does business....
...It would be the most high-profile tech group to list on Intercontinental Exchange’s NYSE since the height of the IPO market boom in 2020-21....
...It will be the first high-profile tech start-up to list since Instacart, which was valued at $10bn in its initial public offering in September, just a quarter of the eye-watering valuation placed on it by...
...The last two sources are more native to high tech, and are sometimes mistakenly treated as if they are one and the same....
...For the NYSE, Reddit marks its most high-profile tech listing since the height of the 2020-21 IPO boom....
...The bulk of the holdings have compounded high returns to date. The lesson is that valuations matter....
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