Nvidia has shed nearly $500 billion in market value this week. It’s still a $4 trillion AI behemoth.

If the AI capex narrative is losing momentum then Jefferies strategist Chris Wood can recommen some sectors , like pharma, and some markets like India, Brazil and China, as ways to play that slowdown.

Microsoft stock fell in premarket trade Friday as the company struggled to address a worldwide outage of its popular products.

Although the majority of S&P 500 companies reported earnings above analysts’ expectations, the beats were significantly lower than in more recent quarters.

Artificial intelligence is all everyone has talked about since the arrival of ChatGPT, but HSBC’s global chief investment officer thinks investors are still underestimating it.