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Microsoft's AI Investment Concerns Weigh on Stock Ahead of Trading Resumption
Microsoft stock closed at $401.32, down 17% year-to-date, erasing $613 billion in market value. Investors are focused on AI spending efficiency and competitive threats ahead of Tuesday's market restart.
Micron's India Chip Plant Launch Imminent Amid Market Holiday
Micron Technology is set to commence operations at its new semiconductor assembly and testing facility in Gujarat, India, before month-end. The $2.75 billion project comes online as U.S. markets observe a holiday.
SanDisk Holds Near $627 Amid Market Holiday, Focus Shifts to Nvidia Earnings
SanDisk shares ended Friday at $626.56, down 0.6%, before gaining 0.6% in after-hours trading. With U.S. markets closed Monday, attention turns to upcoming economic data and Nvidia's quarterly report.
Nvidia's $90B Market Cap Slide Puts AI Spending in Focus Ahead of Earnings
Nvidia shares declined 2.2% to $182.81 on Friday, extending a $89.7 billion market value drop since January. Investors await the company's February 25 earnings for clarity on AI demand sustainability.
Tesla Stock Holds Near $417 Amid Holiday Pause; Software Shift in Focus
Tesla stock edged up slightly to $417.44 on Friday before U.S. markets closed for Presidents Day. The company is shifting its Full Self-Driving sales to a subscription model and recently reported its first annual revenue decline.
Apple Shares Slide Amid Investor Skepticism Over AI Investment Returns
Apple shares declined 2.3% to $255.78 on Friday as investors grow wary of massive AI investments. Attention turns to Federal Reserve minutes and Apple's upcoming shareholder meeting.
TSX Closed for Holiday, Investors Eye Oil, Gold, and Key CPI Data Ahead of Reopening
The Toronto Stock Exchange is closed Monday for Family Day, with trading set to resume Tuesday. Investors are monitoring commodity price shifts and awaiting key Canadian inflation data.
FTSE 100 Gains on NatWest Buyback; Rio Tinto Halts Guinea Project
The FTSE 100 advanced 0.4% in early Monday trading, buoyed by NatWest's £750 million share buyback announcement. Beazley extended Zurich's takeover deadline, while Rio Tinto halted work at a key iron ore project following a fatal incident.
ASX 200 Edges Higher on Tech Rebound; Miners Weigh as Iron Ore Slumps
Australian shares closed modestly higher as a strong recovery in technology stocks offset significant declines among major mining companies. The benchmark index added 19.5 points to finish at 8,937.1.
Nairobi Bourse Hits Record High on Retail Surge, Asian Dividends Shine
The Nairobi Securities Exchange soared to a record market capitalization of Sh3.419 trillion, fueled by a retail trading boom. Separately, Asian dividend stocks are highlighted as stable income plays amid market volatility.