Tech – Page 57 – One America News Network

Wall St mixed as tech stocks attempt recovery, financials drag

Wall Street’s main indexes were mixed on Wednesday, with technology stocks attempting to find a floor after recent selloff.

Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer’s sharp selloff over the past three sessions.

EU antitrust regulators charged on Monday that Apple breached the bloc’s tech rules, a charge that could result in a hefty fine for the iPhone maker.

Amazon is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service.

The Biden administration on Thursday will announce plans to bar the sale of Kaspersky Lab’s antivirus software in the United States.

Nvidia dethroned tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate AI technology.