Wall Street, Big Tech and New York Stock Exchange
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Dow tops 50,000 for the first time as stocks stage a huge rally after the week's chaotic sell-off
The Dow jumped more than 1,000 points and the Nasdaq rose more than 2% as dip-buyers rushed into the market after days of intense selling.
Markets slide as investors retreat from risk assets and doubts grow over the AI boom's staying power.
Big Tech’s $630 billion AI spending spree now rivals Sweden’s economy, unsettling investors: ‘We’ve never invested this much on anything before’
Consumer staples and chemicals are also among AI-resistant firms, JonesTrading’s O’Rourke noted. The staples group, composed of companies such as Dollar General Corp. and Dollar Tree Inc., has fared the best among the S&P 500 sectors this week.
While tech has experienced turbulence, broader equity markets have shown encouraging signs of diversification. Read more here.
The memory chip specialist has room to run much higher in the coming year.
Expertise Abrar has spent her career at CNET analyzing tech trends while also writing news, reviews and commentaries across mobile, streaming and online culture. Credentials Named a Tech Media Trailblazer by the Consumer Technology Association in 2019,
A PHD student developing Artificial Intelligence speech recognition technology for Manx Gaelic said he hopes it "lightens the load" for some native speakers. Chris Bartley, a computer science student at Sheffield University, has been developing a machine-learning model which aims to transcribe the language.
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