Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the kingmaker behind the AI revolution takes on the iPhone maker that has ruled Wall Street for decades.
Read More Nvidia set to overtake Apple as world’s second-most valuable company
The stock has fallen around 30% so far this year as they trail rivals in producing advanced AI chips and components.
Read More Chipmaker Intel falls as AI competition hurts forecast
Apple fell nearly 3% to a seven-week low after Barclays downgraded the shares on concerns demand for its devices will remain weak in 2024.
Read More Apple hits seven-week low after Barclays downgrade
Tesla shares fell about 2% after the highly anticipated launch of its Cybertruck left analysts concerned about the EV’s steep price tag and a longer wait for significant financial payoff.
Read More Tesla falls on long wait for Cybertruck payoff, hefty price tag
Seven Republican Attorneys General wrote a letter aimed at Target, warning the company that their Pride collection contained clothing that may violate child-protection laws.
Read More Seven attorneys general sign letter blasting TargetThe retailer giant’s shares fell after the controversy surrounding its “pride-friendly” merchandise, which included its “tuck-friendly” swimsuits, led to nationwide boycotts.
Read More Target stock falls after pride merchandising controversy