Nvidia's bad day, Microsoft's AI plans, Amazon's TikTok play, and Intel's future: Tech news roundup

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.

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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.

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Microsoft (MSFT) has reportedly stopped or delayed data center projects across the globe, possibly signaling a reassessment of its artificial intelligence ambitions.

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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%.

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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.

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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.

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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.

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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.

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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.

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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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