Tech Stocks Tumble As Meta’s AI Bet Spooks Investors

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 43 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 59%

Tech Stocks Tumble 뉴스

Meta,Facebook,AI

I am a senior reporter for the Forbes breaking news team, covering health and science from the London office. Previously I worked as a reporter for a trade publication covering big data and law and as a freelance journalist and policy analyst covering science, tech and health.

from Facebook parent Meta spooked investors across the sector, a sign that Wall Street’s willingness to embrace artificial intelligence may not match the seemingly boundless enthusiasm of Silicon Valley.slower growth and big spending on AI moving forward, as there isn’t a clear path for how the technology would become a money-maker for the firm, which almost exclusively makes its money through ads.

The downturn sparked a wider selloff of major tech stocks, including Google parent Alphabet, Microsoft and Amazon, which all fell between 2% and 3% during premarket hours. Social media firms Snap and Pinterest also fell between 4% and 5%, with recently-floated Reddit suffering a less dramatic slip of around 1%.

Chip maker Nvidia, which makes hardware vital for building AI systems and saw its value soar earlier this year amid the technology’s boom, initially fell around 2% during premarket trading but had largely recovered as markets approached opening. Apple and Tesla were generally spared by the broader downturn, with software maker Palantir and hardware maker Dell also falling between 2% and 3%.Meta, like many tech companies, has moved swiftly to embrace what has become Silicon Valley’s latest gold rush: generative AI.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 318. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Asian stocks tumble on US rate jitters, China GDP helps soothe lossesAsian stocks tumble on US rate jitters, China GDP helps soothe losses
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

Asian stocks tumble on Iran-Israel escalation, rate warningsAsian stocks tumble on Iran-Israel escalation, rate warnings
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

U.S. Stocks Tumble as Traders Digest Bank Earnings and Weigh Inflation ConcernsA recap of Friday's key moments in the CNBC Investing Club's Morning Meeting livestream, where U.S. stocks tumbled as traders analyzed bank earnings and considered inflation concerns.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

U.S. Stocks Tumble as Earnings Season BeginsU.S. stocks experienced a significant decline as concerns over escalating tensions in the Middle East and mixed earnings reports weighed on investor sentiment. The S&P 500 had its worst week since October, while the Dow Jones Industrial Average and Nasdaq composite also saw notable drops. JPMorgan Chase, despite reporting stronger profits, faced a 6.5% decline due to a conservative forecast for future income growth.
출처: latimes - 🏆 11. / 82 더 많은 것을 읽으십시오 »

Stocks tumble as hot inflation numbers douse hopes of June interest rate cut'You can kiss a June interest rate cut goodbye,' one analyst said of the latest CPI numbers showing stubborn inflation.
출처: CBSHealth - 🏆 480. / 51 더 많은 것을 읽으십시오 »

S&P 500 Lags Long-Term While Tech Stocks OutperformMarket Overview Analysis by Brian Gilmartin covering: XAU/USD, S&P 500, Invesco QQQ Trust, Gold Futures. Read Brian Gilmartin's latest article on Investing.com
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »