US Stock Market See Their Worst Day Since 2022, AI & Tech Stocks Bleed | Vantage with Palki Sharma

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Published 2024-07-25
US Stock Market See Their Worst Day Since 2022, AI & Tech Stocks Bleed | Vantage with Palki Sharma

The major tech stocks listed on Wall Street closed in red on July 24 due to a major selloff. Major tech companies including Nvidia, the biggest seller of AI chips lost almost 7%, Broadcom was also down by over 7% and Super Micro Computer was down by over 9%. Further, stock prices of tech giants Apple, Microsoft, Meta and Alphabet also fell. All these tech giants have been bullish on AI and spent a significant amount of money to develop AI tools and infrastructure. Investors also rode on AI sentiment and poured in around $9 trillion over the past year. But now, the investors are pulling out as scepticism grows over the business viability of existing AI tools. Palki Sharma tells you more.

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USA | Stock Market | Wall Street | AI Chips | Apple | Microsoft | Meta | Alphabet | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#usa #nasdaq #wallstreet #ai #apple #microsoft #meta #apple #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

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All Comments (21)
  • @James-oz8ji
    I was chased after school for saying in the 70's "One day there will be 24hr news!" I watched the first episode of CNN...first episode of MSNBC... Now that American news is sooo fake, I was pretty depressed because like my grandson would say: "Grandpa, all you watch is the NEWS!" PALKI SHARMA... BLESS your eternal eyes. Your show was has been a blessing, for me!! Educational, Informative, Humorous and most of all Newsworthy. No one I know or watch pays any attention to American news. I never dreamed grownups wouldn't give a damn about world events. Thank you, Molly Gambhir, Bianca Sharma and the Great people of India!!!
  • This does not have anything with AI. The Stockmarket itself is in the bubble, along with the US.
  • @Aphodisiac
    The funny part is that AI is rather killing the human curiosity when you see the new generation getting used to AI to answer everything & not using their minds no longer! Also, AI can be successful if you apply to simple products, services to expand its reach to the masses rather than creating complex solutions which very few could afford!
  • @theamazing7572
    There is no one way anyone will listen to this woman and not understand what she is saying she always explain it in a very good way
  • @marcos-1210
    Humne LTCG ka tax kya badhaya US market hi hilgaya😅😅
  • @Wack373
    I work at one of Meta/Google/MSFT (won’t say 😉) directly on AI. What’s happening is, these companies are too large to have any creativity to build compelling AI apps. With layoffs, employees aren’t really interested in sharing their ideas with these tech giants. As for small startups, the economy is so bad (they won’t admit till US election), venture funding has dried. And engineers like me prefer to hang on to our safe but boring FAANG jobs, I will not join a startup in this economy. This is what’s happening 😇
  • @YejjuS5017
    If you rob someone's money in form of sanctions, then you will loose your own money 1000 times. This is the main rule of Karma.
  • I am pretty sure that all people believed and said the same story when computers were made and sold in the beginning. The same will happen to AI. It is the next big thing.
  • @remarkablejames
    the funny thing is how none of these CEOs of tech giants understands really well what AI is but haste to make claims that it's important than fire
  • @gdgavali
    AI is not about making money.. its about getting rid of extra people on this earth..
  • @ElvisSirinBo
    These companies have hit their growth ceilings and are now promoting unproven or half-baked solutions with little practical value, such as virtual reality. This approach is likely to diminish investor confidence and reduce the overall financial viability of their projects.
  • @sasmitsatyam5775
    Actually the whole stock market is a bubble!!! It has no leg to stand on but growing like hell.
  • @valecire4816
    We are still in R&D phase for AI. The true potential will be evident in few years when it will be sold for cutting jobs
  • @bno5357
    I don't US Stock, USD paper currency and the US politics system, but I do trust gold.
  • @haideramz5804
    It's ceazy to believe that investors are in loss here. Markets showed short selling signs last week
  • @harshadagashe
    "Chutiya banaya" is the phrase that comes to my mind. E.g. I absolutely dont want or need AI in my phone. But samsung or apple think we "need" it.
  • As I said previously, AI is highly energy inefficient and it cannot make profit due to high costs to maintain it, so unless processors are advanced enough or we have cheep energy, AI will be limited to what processing power, energy and profitability it can create.
  • @TueSorensen
    The very fact that they aren't monetizing the LLMs is what I like about this whole situation. They're trying to make an impact in the world by letting the users discover what the LLMs can be used for! It can lead to real and positive change. I know the big tech companies want nothing more than to make money, but they are also truly fascinated with the possibilities inherent in these technologies. I've been impressed with the way the LLMs are programmed to offer helpful, ethical and in many ways progressive responses; I think this says a lot about how dedicated the companies are to turning this technology into a truly positive tool for all humanity. They're even willing to invest billions for years before seeing a return - because they can see how this could all be a game-changer in the longer term. I have to say I share that vision.
  • I had problem comprehending trading in general. I tried watching other YouTube trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow