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4 stories taggedstock market.
The only company that makes AI's most important machine just raised its sales forecast again
ASML, the Dutch firm that builds the chip-printing machines the entire AI industry depends on, now expects up to 45 billion euros in sales this year. That is a huge jump from what it predicted just months ago.
Apple passes Nvidia to become the world's most valuable company again
A 3.5% drop in Nvidia's share price on Friday was enough to hand Apple back the top spot, and it signals that Wall Street is starting to question whether the AI spending boom can keep going at its current pace.
SpaceX Stock Slips Below Its IPO Price Just Weeks After Going Public
The company's shares dropped under $135 on Wednesday, and a Starship rocket test on Thursday could push them further in either direction.
IBM shares fall 25% after profit warning as tech spending slows
The US technology giant reported just 1% revenue growth for the second quarter, blaming customers who are pulling back on spending. It was the company's worst single-day stock drop in decades.