Nvidia's bad day, Microsoft's AI plans, Amazon's TikTok play, and Intel's future: Tech news roundup
Plus, OpenAI is now worth more than Chevron, McDonald’s, and Salesforce
It was a bad day for Nvidia
Nvidia (NVDA) fell with other Magnificent 7 stocks on Thursday as the market reacted to new tariffs — but the company also may’ve slipped because a major bank downgraded it for unrelated reasons.
Intel will spin off its ‘non-core’ businesses, new CEO says
Intel (INTC) will spin off some of its non-core businesses, newly minted CEO Lip-Bu Tan said at the company’s Vision 2025 conference in Las Vegas on Monday.
Microsoft could be reassessing its AI plans while pulling back on data centers
Microsoft (MSFT) has reportedly stopped or delayed data center projects across the globe, possibly signaling a reassessment of its artificial intelligence ambitions.
Magnificent 7 stocks slide as Trump tariff fears rattle markets again
The market’s highest-performing tech stocks, the Magnificent 7, mostly slid on Monday amid worries over President Donald Trump’s tariffs.
Tesla (TSLA) was down 4.8% at 11:30 a.m., while Nvidia (NVDA) was off 4.1%, Amazon (AMZN) was 3% lower, Meta (META) fell 2.1% Microsoft (MSFT) dropped 2.5%, and Alphabet (GOOGL) was down by 1.1%. Apple (AAPL) stock was the outlier among the Mag 7, rising 0.6%.
OpenAI is now worth more than Chevron, McDonald’s, and Salesforce
Sam Altman’s OpenAI has closed a new $40 billion fundraising deal that almost doubles the firm’s valuation and cements it as one of the most valuable private companies in the world.
Amazon wants to buy TikTok as Trump’s deadline looms
Amazon (AMZN) is making an under-the-wire bid to acquire popular social media app TikTok, the New York Times reported on Wednesday, citing three people familiar with the matter.
More than half of companies already deploy autonomous AI agents, study finds
Agents are the latest trend in artificial intelligence, with several tech giants claiming they will provide a major boost in productivity for businesses. And it turns out most companies are already sold on the idea.
Microsoft is turning 50. Here are 4 of its peers that are also still around
Half a century after its founding in Albuquerque, New Mexico on April 4, 1975, Microsoft (MSFT) consistently ranks as one of the world’s most valuable companies. Currently sitting on a $2.7 trillion market cap, the software company, now based in Redmond, Washington, has turned into an artificial intelligence leader.
3 ways Big Tech is vulnerable to European tariff retaliation
President Donald Trump announced widespread tariffs on Wednesday, sending the stock market plunging. One of the more significant of these tariffs is a 20% levy on goods coming from longtime U.S. ally and trade partner the European Union.
Does CoreWeave’s disappointing IPO signal an AI bubble?
New Jersey-based AI and cloud computing company CoreWeave made its market debut on Friday to little applause.
The stock was poised for success by all means: It was the biggest tech IPO since software company UiPath (PATH) in 2021, and a rare IPO of a pure-play AI company.
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