Elon Musk and the tech bros banked on Trump and lost. Humbled, humiliated: what will they do next? | Jonathan Liew By Jonathan Liew Democrats won seats on anti-datacentre tickets and Musk wasted nearly half a billion dollars. Big tech may be losing its grip, but it won’t go quietly https://www.theguardian.com/commentisfree/2026/nov/09/elon-musk-tech-bros-donald-trump #Technologysector #Datacentres #DonaldTrump #USnews #Business #Worldnews #USpolitics #TheGuardian #JonathanLiew

Technology stocks pulled Wall Street lower on Friday, with the S&P 500 falling 1.1% and the Nasdaq dropping 2.1%. Chipmakers faced their longest losing streak since 2008.

The Trump administration suspended major tech giants including Microsoft, Adobe, Cognizant, Tata, and Infosys from the PERM program. Officials cite fraud and allegations that foreign workers were replacing American employees.

Productivity soars in sectors of global economy most exposed to AI, says report https://www.theguardian.com/technology/article/2024/may/21/productivity-soars-in-sectors-of-global-economy-most-exposed-to-ai-says-report #Artificialintelligence(AI) #Technologysector #Globaleconomy #Productivity #Technology #Worldnews #Economics #Business #ChatGPT #UKnews #PwC

Britain’s first next-generation supercomputer, planned by Tories, in doubt after Labour government move The new Labour government has shelved £1.3bn of funding pledged by the Conservatives for technology and artificial intelligence projects, putting the…

As navies seek to counter submarines and protect cables, startups and big defence companies fight to lead market

Tech firm is building ‘humanoid park’ in US to try out robots, which could ‘spring out’ of its vans

Inaccurate notices branded with broadcaster’s logo sent to iPhone users but tech firm works on improvements

Investing.com -- Nvidia’s earnings after today’s market close could prove pivotal for both the technology sector and broader equities, according to Sevens Report Research. “Arguably the most important event of the month comes after the close today via NVDA earnings, as that stock has led the entire AI-enthusiasm rally that’s powered stocks higher not just in 2025 but for the past two-and-a-half years,” Sevens said. The note highlighted that Nvidia alone has contributed 2.3 percentage points of the S&P 500’s 10 percent year-to-date return. Including other large AI-linked names such as Microsoft, Meta, Broadcom and Palantir, those five stocks together have accounted for roughly half of the index’s gains. “So, if they decline, the S&P 500 will decline,” Sevens warned. Beyond stock performance, Nvidia’s results matter because of capital spending and earnings expectations tied to artificial intelligence. Sevens pointed out that the “Mag Seven” companies are projected to spend more than $500 billion on AI-related infrastructure across 2024 and 2025. “Essentially, this AI infrastructure buildout is acting like a mini-government stimulus program,” the firm said, noting the benefits extend beyond chipmakers to utilities, networking, construction and transportation. On earnings, Sevens observed that S&P 500 profits are forecast to climb from about $265 in 2025 to $299 in 2026, largely on AI-driven growth. “If AI earnings growth disappoints, this market has a large valuation problem,” the note cautioned, adding that a pullback could push 2026 earnings down to $275, implying an “unsustainable” 23.5 times multiple. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. While Sevens does not expect Nvidia to miss, it stressed that “AI enthusiasm” is central to market momentum and valuations. The fastest way to find out is with our Fair Value calculator. We use a mix of 17 proven industry valuation models for maximum accuracy. Get the bottom line for MSFT plus thousands of other stocks and find your next hidden gem with massive upside. Full access now available at 50% off while our Summer Sale lasts. Hurry, offer ends soon!