It’s also widened to include the industry’s Wall Street backers, from lenders to private equity owners for whom software firms have been popular targets. More than $17.7 billion of US tech company loans in a Bloomberg index dropped to distressed trading levels during the past four weeks.

SaaS companies took major hits: Microsoft closed down 2.87%, SAP was down 3.29% this morning on the German market, Salesforce lost 6.85% yesterday and was further down in overnight trading, ServiceNow was down 6.97% yesterday and was marginally lower overnight, also.

US stocks got hit as oil investors skimmed profits in the tech sector and concerns rose over higher oil prices.

In some ways, Amazon has lagged its big tech peers in AI. It doesn't have a leading large language model, and it seems to have gotten off a late start in generative AI. However, Amazon does have a competitive advantage in AI. It still has the largest cloud ...

Major equities indexes closed mixed on a busy earnings Wednesday, with technology shares pulling the Nasdaq and S&P 500 lower for a second straight session.

Melius Research's Ben Reitzes sees upside ahead for Nvidia, Broadcom and Microsoft as enthusiasm for makers of components that are in short supply winds down.

While JPMorgan's tech investments show promise for long-term stability, investors should weigh whether recent gains from rising interest rates are already reflected in the stock's current valuation.

It might be hard for investors to feel upbeat while tech stocks are tumbling. But that's exactly how some experts are reacting to the rout.

By Sneha Kumar and Roshan Thomas Feb 6 (Reuters) - South Korean equities extended declines on Friday as investors continue to retreat from tech stocks, while Indonesian shares fell over 2% after Moody's lowered the country's credit rating outlook,