Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWire - The market capitalisation of top technology giants fell sharply in April, pressured by diminishing enthusiasm for artificial intelligence and a scaling back of expectations for central bank interest rate cuts.
Microsoft's market value plummeted by $232.5 billion, or 7.4%, ending the month at $2.89 trillion. Meta Platforms Inc also suffered a drop of $146.8 billion, or 11.9%, ending at $1.09 trillion, following a lower-than-expected revenue forecast and rising expenses associated with burgeoning AI costs.Nvidia Corp's market cap fell 4.4% to $2.
Conversely, Alphabet Inc saw its market cap surge 7.3% to $2.02 trillion, buoyed by the announcement of its first-ever dividend, a $70 billion stock buyback, and first-quarter earnings that exceeded expectations. Electric car maker Tesla Inc saw its market value increase by 4.4% to $584.4 billion, boosted by the removal of regulatory barriers in China that had previously hindered the rollout of its autonomous driving technology.ADVERTISEMENT