Category: Tech
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Hedge funds snap up US tech stocks amid falling rates, says Goldman Sachs
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LONDON (Reuters) – Hedge funds bought U.S. technology and media stocks at their fastest pace in four months last week, driven by an expected 50 basis point interest rate cut by the Federal Reserve, a Goldman Sachs note to clients seen by Reuters on Monday said. Lower interest rates are…
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Tech resilience amidst semiconductor slump: Analyzing today’s market vibe
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Stock Heat Map from FinViz.com Friday, September 20, 2024 13:46:03 GMT ? Sector Overview: Mixed performance across markets Today, the US stock market offers a mixed bag of performance across sectors. While some giant companies have shown resilience, others have suffered significant declines, painting a complex picture for investors. ?…
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European shares end marginally lower on tech drag; Fed in focus By Reuters
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By Shubham Batra and Shashwat Chauhan (Reuters) – European shares closed slightly lower on Monday as losses in heavyweight technology stocks weighed on the index, while the focus remained on the U.S. Federal Reserve, which is widely expected to start its monetary easing cycle this week. The pan-European STOXX 600…
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Tech stocks drag on S&P 500, Nasdaq as Fed meeting nears By Reuters
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By Johann M. Cherian and Purvi Agrawal (Reuters) – Technology stocks weighed on Wall Street and the Nasdaq on Monday as caution set in ahead of a pivotal Federal Reserve policy decision later in the week, with most traders pricing in a sharp drop in borrowing costs. Interest-rate-sensitive chip stocks…
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Tech stocks rally, healthcare remains steady amid mixed market signals
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Stock Heat Map from FinViz.com Friday, September 13, 2024 13:46:13 GMT ? Technology Sector: A Day of Gains The technology sector is seeing notable gains today, supported by positive investor sentiment. Oracle (ORCL) is leading the rally with a whopping 7.24%, indicating strong performance in software infrastructure. However, Adobe (ADBE)…
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CLSA bullish on NuScale stock as nuclear tech gains traction By Investing.com
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CLSA on Friday initiated coverage of shares of NuScale Power Corporation (NYSE:SMR), a leading developer of advanced nuclear reactors, with an Outperform rating and a price target of $11.00. The company noted that while NuScale is expected to operate at a loss for several years, the company’s prospects are supported…
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Top tech, U.S. officials to discuss powering AI -CNN By Reuters
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WASHINGTON (Reuters) – Executives from OpenAI, Google and Anthropic will meet with top U.S. officials at the White House on Thursday to discuss the energy and infrastructure needed to power artificial intelligence, CNN reported, citing a person familiar with the matter. OpenAI CEO Sam Altman, Google CEO Ruth Porat, Anthropic…
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Tech firm executives to testify before US Senate about election threats By Reuters
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(This story was corrected to remove an incorrect listing of an Adobe (NASDAQ:) executive testifying in paragraph 2.) Written by Kanishka Singh WASHINGTON (Reuters) – Executives from major technology companies including Google, Adobe, Microsoft and Meta Platforms are scheduled to testify next week at a U.S. Senate Intelligence Committee hearing…
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Tech firm executives to testify before US Senate about election threats By Reuters
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(This story was corrected to remove an incorrect listing of an Adobe (NASDAQ:) executive testifying in paragraph 2.) Written by Kanishka Singh WASHINGTON (Reuters) – Executives from major technology companies including Google, Adobe, Microsoft and Meta Platforms are scheduled to testify next week at a U.S. Senate Intelligence Committee hearing…
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S&P 500 closes up on tech boost; inflation data dents hopes for big Fed rate cut By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – U.S. stocks closed higher on Wednesday, lifted by technology shares, offsetting investor disappointment in an early-morning inflation report that dampened hopes the Federal Reserve will cut interest rates by 50 basis points next week. The S&P 500 technology index fell, but rose…
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Nasdaq 100 Climbs 1% as Nvidia Leads Tech Rally: Markets Wrap
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(Bloomberg) — A rally in shares of some of the world’s biggest technology companies spurred a stock market rebound in a volatile session as traders digested faster-than-expected inflation data. Most Read from Bloomberg The S&P 500 pared losses after falling more than 1.5% earlier in the day. The Nasdaq 100…
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Azerbaijan tax breaks tempt Israeli tech firms to relocate
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Among the incentives offered to Israeli startups that choose to move to Azerbaijan are full exemptions from corporate tax, purchase tax, property tax and profits tax for ten years, as exclusively revealed by Globes. The decision by a Shiite Muslim-majority country to take such a step during the current war,…
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Wedbush says tech bull thesis unchanged after September selloff By Investing.com
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Investing.com — Tech stocks have been under pressure as markets reopen following the Labor Day holiday. However, analysts at Wedbush remain unfazed by the recent selloff, saying their “bullish thesis for the tech sector remains unchanged.” “As we take note of the uncertain economic/jobs data and preparations for the November…
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The Recent Tech Sell-Off Made This Artificial Intelligence (AI) Stock an Even Better Buy
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buying alphabet (NASDAQ: GOG) (NASDAQ: GOOGLE) Stocks are rarely a bad idea. Imagine you bought $1,000 worth of Alphabet stock on Feb. 25, 2014. It turned out to be the worst day of the year to buy shares in the tech giant. The day’s peak, at a record $30.50 per…
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Tech and consumer cyclical sectors lead today’s stock market gains
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Stock Heat Map from FinViz.com Friday, August 30, 2024 13:46:11 GMT Market Segment Overview Today’s stock market map reveals a wide spectrum of performance across sectors, with technology and consumer sectors taking the spotlight with impressive gains. Meanwhile, the energy sector faced notable declines, dragging down related stocks. Technology Brilliance…
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Morgan Stanley updated its Dividend Equity Portfolio, dropped this big tech name By Investing.com
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Investing.com – Morgan Stanley has made a strategic update to its dividend stock portfolio, making key adjustments to reflect changing market dynamics and a careful reassessment of risks and opportunities. One of the biggest changes is the decision to drop Microsoft Corporation (NASDAQ:), one of the biggest names in technology.…
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Morgan Stanley updated its Dividend Equity Portfolio, dropped this big tech name By Investing.com
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Investing.com – Morgan Stanley has made a strategic update to its dividend stock portfolio, making key adjustments to reflect changing market dynamics and a careful reassessment of risks and opportunities. One of the biggest changes is the decision to drop Microsoft Corporation (NASDAQ:), one of the biggest names in technology.…
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Tech giants thrive amidst market turbulence: A snapshot of today’s stock movements
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Stock Heat Map from FinViz.com Thursday, August 29, 2024 13:46:10 GMT Overview of market movements and sector performance Today’s stock market presents a dynamic landscape with significant movements across various sectors. A focused analysis of the market heat map provides insight into sector performance, highlighting several key trends and movements…
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Tech and media stocks boost European shares By Reuters
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(Reuters) – European shares rose on Thursday, with media and technology stocks boosting the index, resisting a global decline after Nvidia’s quarterly results failed to impress investors. The European index rose 0.2% by 0712 GMT. Media stocks rose 0.5%, led by a 2.3% jump in Universal Music Group (AS:). The…
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What does Pavel Durov’s arrest mean for his tech legacy?
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Pavel Durov’s journey has all the makings of a weak man turned billionaire story. The 39-year-old entrepreneur founded two tech platforms: one became Russia’s answer to Facebook, the other a competitor to WhatsApp. No wonder he’s been called Russia’s Mark Zuckerberg. His net worth is estimated at $15.5 billion, according…