#tech-stocks

#tech-stocks

The broad index of large-cap companies in the S&P 500 closed flat, but the tech-heavy Nasdaq 100 rose 0.55%. Tech stocks were led by Nvidia, which was up 3%, and now has a market cap of more than $5 trillion. (Its stock is down 0.7% premarket this morning, suggesting that some traders are taking their overnight gains.) To put that in perspective, Nvidia's market cap is bigger than the GDP of every G7 country except the U.S. and Japan.

Analysts said the impact should be moderate, given that the fees apply only to new applications, but warned that a constrained supply of skilled workers in the U.S. may push wages higher and squeeze margins. Companies including Microsoft, Amazon, Alphabet and Goldman Sachs were among those that sent urgent emails to their employees with travel advisories.

When I saw a man walking down Prince Street in canary yellow pants, a bright blue Aviator Nation sweatshirt, custom sneakers, and a hat that said "GOAT," I knew my wait was over. I was meeting up with Dan Ives, who isn't just a well-known tech analyst and major Tesla bull, but also something of a fashion icon. CNBC is used to guys in Brooks Brothers,but when Ives is on, it's Lilly Pulitzer blazers and lots of hot pink.

Shares of Google parent Alphabet ( GOOGL) climbed late Tuesday after a federal judge issued a ruling on remedies in the U.S. government's antitrust lawsuit involving the tech giant's internet search business. Google stock had been expected to fall after the ruling, but rose instead. Meanwhile, Apple ( AAPL) stock also rose. Judge Amit Mehta of the U.S. District Court of the District of Columbia ruled that Google can keep its Chrome browser.

There are now almost 500 AI unicorns - companies valued at over $1 billion - worth a total of roughly $2.7 trillion, enough to do some serious damage to the economy if things don't go well. But for investors, that cash represents a dream: that AI will someday do more than generate video essays explaining that Nubian giants built the pyramids, and become a major financial driver.

Tech stocks could remain under pressure after they led Wall Street lower on Tuesday, with the Nasdaq dropping 1.4% and the S&P 500 slipping 0.6%. Losses were widespread among chipmakers, where Nvidia slid 3.5%, AMD fell more than 5%, and Broadcom lost more than 3%. Palantir was the weakest S&P 500 performer, plunging 9%. The selloff reflected investor caution ahead of the Federal Reserve's annual Jackson Hole symposium, where Chair Jerome Powell is due to speak on Friday.

Altman noted, "When bubbles happen, smart people get overexcited about a kernel of truth." He elaborated that while AI has great potential, investors are too optimistic.

Palantir's revenues soared nearly 50% to almost $1 billion and net income increased 144%, boosting investor confidence in AI’s role in tech growth and job reduction.

Shares of Palantir (NASDAQ:PLTR) have rocketed over 830% in the last two years, and this multi-year rally is showing no signs of slowing down.

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The major indices, except the Russell 2000, have recovered losses from this year’s massive sell-off, with renewed investment interest especially in big-tech stocks.

U.S and China negotiated a temporary 90-day tariff reduction, significantly impacting tech stocks and broader markets, pushing major players like Apple and Amazon higher.

The markets are breathing a sigh of relief on positive trade developments, including a comprehensive trade agreement that slashes U.K. tariffs, boosting stock gains.