big tech

The S&P 500 index growth sans the Magnificent 7 stocks is almost negligible over the last 10 years, as the market capitalization of these stocks dominates the index. What Happened: According to a Goldman Sachs graph shared by the Markets & Mayhem, the Magnificent 7 stocks have driven the S...

A gauge tracking the so-called “magnificent seven” — which includes Apple Inc. (NASDAQ:AAPL), Microsoft Corp. (NYSE:MSFT), Nvidia Corp. (NASDAQ:NVDA), Amazon.com Inc. (NASDAQ:AMZN). Alphabet Inc. (NASDAQ:GOOGL), Meta Platforms Inc. (NASDAQ:META) and Tesla Inc. (NASDAQ:TSLA) — surged 15...

CNBC’s Jim Cramer has weighed in on pre-market decline, attributing downward pressure to the “profit-takers” who bought the dip amid the ongoing selloff. What Happened: In a recent post on X, the host of “Mad Money” also shed light on the crucial decision facing short...

Shares of Magnificent Seven technology companies soared in 2023 and 2024 due to optimism about artificial intelligence and favorable macroeconomic conditions. After historic price action Monday, has the music finally stopped for Big Tech’s rally? What Happened: The SPDR S&P 500 ETF Trust...

The ‘Magnificent 7' stocks have lost their grandeur and dominance in 2025, as none of the top seven technology giants have ranked among the top 50 performers of S&P 500 on a year-to-date basis. Analysts at Charles Schwab detail this rotation out of tech giants into the broader markets in their...

Vice President JD Vance, who was backed by PayPal co-founder Peter Thiel, has voiced his concerns about the influence of big tech companies, asserting that these companies wield “too much power.” What Happened: Speaking on “Face the Nation with Margaret Brennan” on...

The U.S. semiconductor sector is going through nail-biting times as further potential sanctions on the export of artificial intelligence chips to China loom. What Happened: Nvidia (NASDAQ:NVDA) was recently left with a bitter taste after its big tech customers deferred billions of dollars in orders...

Microsoft Corp (NASDAQ:MSFT) could pause hiring in part of its consulting business in the US, CNBC cites from an internal memo.  The company expects the cuts to affect less than 1% of its workforce. Rival tech companies — Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, Amazon.Com Inc (...

Jim Cramer expressed optimism about a resurgence in mergers and acquisitions (M&A) with the incoming Trump administration. Cramer predicts a more lenient approach to M&A approvals compared to the previous administration, which was known for its stringent antitrust scrutiny. What Happened:...

Big tech is acting more like Big Brother. That’s according to the latest report from the Federal Trade Commission (FTC). The Thursday release details how major social media and video streaming platforms have taken snooping to a whole new level. "The report lays out how social media and video...

The Brazilian government is considering taxing large tech companies. It may also implement a 15% global minimum tax on multinational corporations to achieve its 2025 fiscal target. What Happened: The Finance Ministry of Brazil is preparing to present proposals to Congress this year for...

Ray Wang of Constellation Research expressed his belief that Big Tech is the ultimate refuge and growth catalyst for investors. What Happened: Wang’s comments come as the market eagerly awaits the delivery of Nvidia Corp.’s (NASDAQ:NVDA) Blackwell chips. Investors are anticipating...

Palantir Technologies Inc. (NYSE:PLTR) co-founder and founding partner of 8VC,  Joe Lonsdale has voiced his concerns about the unchecked power of big tech and called for more accountability. What Happened: On Thursday, while appearing on CNBC’s Squawk Box, Lonsdale criticized the monopolistic...

The U.S. Senate is expected to pass a bill on Tuesday that seeks to protect children from harmful online content. This marks the first major effort by Congress in recent years to hold tech companies accountable for the impact of their platforms. What Happened: The bill, which...

The SPDR S&P 500 ETF Trust (NYSE:SPY) is up over 3.5% in the last 30 days, an impressive feat amid signs of slowing in the U.S. economy. Despite investor optimism, only 17% of S&P 500 components have outperformed the index in the past month, a historic low. The Data: A post on X relayed...