Market Mover
Alphabet shares plunge as AI search and capital spending rattle markets
Alphabet shed more than $500bn in market value after third-quarter search revenue slowed and capital expenditure on artificial intelligence ballooned.
Meta credit rating outlook cut to negative by S&P over AI costs
S&P Global Ratings has lowered its outlook on Meta to negative, pointing to surging artificial intelligence capital spending and cash…
OpenAI funding target cut to $20bn amid tech stock slump
OpenAI has lowered the target for its latest funding round from $30bn to $20bn at a $1.25tn valuation as tech…
Tech stocks slide in $1tn market rout as AI capex concerns mount
A sell-off across Wall Street has erased roughly $1 trillion in market value as ballooning infrastructure spending and weak returns…
Amazon AI spending drags Q3 results despite 39% AWS surge
Amazon reported a 39% surge in cloud sales for the third quarter, but massive capital expenditure on artificial intelligence pushed…
Intel Revenue Forecast Miss Triggers 20% Share Plunge
Intel shares dropped more than 20% after issuing a disappointing fourth-quarter sales outlook driven by a steep slump in PC…
Reddit login requirement tests begin as Google AI cuts search referrals
Reddit will test making user accounts mandatory in select international markets after Google's AI search shifts caused search referrals to…
Active muon imaging startup MuRay raises €7.1m for rocket engine scans
Hamburg startup MuRay has raised €7.1 million to commercialise active muon imaging, an inspection technology that penetrates dense metals where…
Entourage closes second fund at €100m for AI and deeptech
European venture firm Entourage has raised €100 million for its second fund, backing pre-seed and seed founders across AI, robotics…
Amazon earnings: AWS capacity booked out as spending hits $220bn
Amazon heads into third-quarter earnings with AWS capacity booked through most of 2027 and annual capital spending projected at $220…
South Korea app store fines hit Google and Apple for $47.6m
South Korean regulators have fined Google and Apple a combined $47.6 million for forcing developers onto their proprietary payment systems.
Nvidia Hugging Face inquiry opened by DOJ over AI market control
United States antitrust regulators have begun questioning whether Nvidia's $12.9 billion acquisition of open-source repository Hugging Face will stifle competition.