The Magnificent Seven stocks may be nearing an important turning point after a sharp June selloff. The big question now is whether buyers step in soon, or whether the decline has further to run.
Tag: Software-Defined Vehicle
Apple has accused Indian antitrust investigators of “copy-pasting” its rivals’ claims and failing to properly conduct its own investigation in concluding the U.S. tech giant breached competition laws, calling for the findings to be quashed, regulatory papers reviewed by Reuters showed.
Sensitive lists of components and suppliers, and photos of Apple’s upcoming iPhone 18 Pro models are part of files posted on the dark web by the ransomware group that stole data from the U.S. firm’s Indian supplier Tata Electronics, according to documents and a source.
The S&P 500 and the Nasdaq were on pace for steep weekly losses as chipmakers came under renewed selling pressure on Friday after a stellar run this quarter, with investors questioning high valuations and the repercussions of massive AI spending by companies.
Micron Technology edged past the market valuation of Meta Platforms and briefly Tesla’s for the first time on Thursday, after the memory chipmaker’s solid forecast helped extend its AI-driven ascent.
Tata Electronics said on Monday it had detected a recent “cybersecurity incident”, after researchers said World Leaks posted purported component design and specification papers of Apple and Tesla, both customers of the Indian group.
Shares of Elon Musk’s SpaceX extended a post-IPO rally and rose more than 8% in premarket trading on Tuesday, putting the company on course to overtake Amazon.com in market value to become the world’s fifth‑largest company.
Shares of SpaceX rose more than 6% before the bell, and were set to extend gains after a blockbuster debut last week that pushed the company’s valuation past $2 trillion and into the ranks of Wall Street’s most valuable companies.
SpaceX roared into markets this past week with a valuation of more than $2 trillion, surpassing two members of Wall Street’s “Magnificent Seven” and raising a key question: Does the Mag 7 name still fit? And if not, what should replace it?
SpaceX’s website and IPO marketing documents were not accessible on Friday in Hong Kong and mainland China, a Reuters review showed, a step that threatens to curb participation by investors there in a listing expected to be the world’s largest.