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Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 6.4% in the pre-market session after anxiety and uncertainty rattled markets as the major stock indices pulled back in the morning session amid concerns about "reciprocal tariffs" to be announced later in the week. The planned tariffs, scheduled for April 2, 2025 (dubbed Liberation Day), were targeted at all countries where the United States had a trade deficit...
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Amazon.com (NasdaqGS:AMZN) experienced a 5% price decline last week, a movement that might be influenced by broader market trends. The market, facing a 3% fall overall, grappled with uncertainties from looming tariffs and economic concerns, impacting major tech stocks. Specifically, the collaboration between HighByte and Amazon Web Services to improve cloud data accessibility might not offset the market's negative sentiment. Similarly, Amazon's engagement with Reply on Generative AI may.....
Continue ReadingTwo longtime investors recently told CNBC that Amazon (AMZN) and Microsoft (MSFT) represent good buys at their current levels. The Weakness of AMZN and MSFT Is Unjustified, Ethridge Says Malcolm Ethridge, the Managing Partner of Capital Area Planning Group, recently purchased more AMZN stock and MSFT stock. The declines of both names are unwarranted and […]...
Continue ReadingAmazon on Monday launched a general-purpose AI agent and new website to interact with its custom artificial intelligence models. The moves are the latest in an AI push that was popular on Wall Street last year, though Amazon stock continued an eight-week slide amid concerns about tariffs. The tech behemoth said its new Amazon Nova Act AI agent can reliably perform basic tasks inside a web browser, such as setting an exact time to order a food delivery each week...
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Disruption is always a fear of technology investors, for good reason. Now, chatbots using artificial intelligence are beginning to shake up internet search, a field dominated by Google. “Alphabet [is] down 25% from recent highs [and is] still ‘cheap’ for a reason,” wrote Reitzes in a Monday report...
Continue ReadingThe market’s highest-performing tech stocks, the Magnificent 7, mostly slid on Monday amid worries over President Donald Trump’s tariffs...
Continue ReadingTesla CEO links share price decline to his cost-cutting work for Trump; will leave the post in May...
Continue ReadingThe S&P 500 and Nasdaq lost ground at midday as the Trump administration's reciprocal tariffs are set to kick in this week...
Continue ReadingStifel and Deutsche Bank both recently reduced their price targets on Tesla (TSLA) stock, Schwab Network reported today. The two banks also cut their estimates for the automaker’s deliveries. Stifel Slightly Lowered Its Price Target on TSLA Stifel, an investment bank, cut its price target on Elon Musk’s automaker to $455 from $474. However, Stifel […]...
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