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AI Stocks Tumble, Software Soars as Doomsday Warnings Ripple Through Market
Barrons.com10d agobullish
AI Stocks Tumble, Software Soars as Doomsday Warnings Ripple Through Market

A wave of worry among top executives about the speed of artificial intelligence development had Wall Street selling shares of chip firms and buying software stocks. The Nasdaq Composite fell 0.6%. The selling was mostly limited to stocks tied to the AI trade, after Anthropic’s Dario Amodei pushed for top AI upstarts to work together on setting guardrails on development.

SpaceX Moves on Musk Comments; Oracle Drops on Ellison Plan | Stock Movers
Bloomberg11d agobearishVIDEO
SpaceX Moves on Musk Comments; Oracle Drops on Ellison Plan | Stock Movers

On this episode of Stock Movers: - Baldwin (BWIN) shares are moving as Michael Dell's family office and Sequence Holdings teamed up to acquire Baldwin Insurance Group Inc. in an all-cash deal valued at $7.7 billion. - SpaceX (SPCX) shares are moving after the Chief Executive Elon Musk said Sunday on social media platform X that he is "highly confident" the company will launch Nvidia's (NVDA) Vera Rubin NLV72 artificial intelligence computers in space next year. - Oracle (ORCL) shares are lower as Chairman Larry Ellison canceled his plan to sell as many as 50 million shares in the tech company, a holding worth $7.5 billion.

SpaceX Faces Starship Dilemma: Starlink Revenue or Moonshot R&D?
Benzinga Prediction Markets11d agoneutral
SpaceX Faces Starship Dilemma: Starlink Revenue or Moonshot R&D?

Space Exploration Technologies Corp. (NASDAQ:SPCX) is about to turn Starship into a revenue-generating rocket for the first time, raising a new question for Elon Musk: how much launch capacity goes to Starlink, and how much goes to reaching the Moon?SpaceX...