Browsing: Panic

Parent company Alphabet finished Thursday down more than 12 per cent, wiping $500 billion from its value. It represents the biggest ever crash in Google’s history, and second only among US listed companies to a $593 billion plunge in Nvidia’s value last year, after the rise of China’s DeepSeek AI brought concerns that US artificial…

Without the artificial intelligence boom, the U.S. economy and stock market would be much weaker than they are today. In fact, artificial intelligence capital expenditures and related tech investments currently account for roughly 50% of U.S. gross domestic product. Meanwhile, if Wall Street investors account for the indirect value-add, the impact is even more staggering.…

SAP SE (NYSE:SAP), Europe’s enterprise-software powerhouse, surged approximately 4.8% to $221.93 Thursday after Salesforce’s strong results revived confidence across the software sector. The market’s message was blunt: generative AI may strengthen established platforms instead of destroying them.