The core businesses of America’s technology giants are starting to show signs of slowing, as investors grow wary of the artificial intelligence trade.
Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown.
A batch of disappointing tech results drove the Nasdaq 100 down 3.6 per cent. Intel slid 30 per cent – the most in over four decades – as its outlook missed estimates. Amazon fell 2.3 per cent on greater capital spending.
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Frank Cappelleri of CappThesis looks at several charts to help answer that question.
The US intelligence community is still working to understand the relationship between a Chinese businesswoman who had an affair with Nvidia CEO Jensen Huang and the Chinese government, with multiple sources telling CNN that the intelligence collected on her to date does not prove that she was acting as a spy for Beijing.
