Category: Money
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Arm’s shares seen as a shoo-in for Nasdaq 100, though S&P 500 unlikely
By Suzanne McGee and Lewis Krauskopf NEW YORK (Reuters) – Newly publicly traded company Arm Holdings is poised to be added to popular indexes such as the tech-heavy Nasdaq 100, although inclusion in the S&P 500 is unlikely, analysts said. Shares of the British chip designer closed up 24.7% in their Nasdaq debut on Thursday,…
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AI fatigue sets in as investors sell tech for first time in weeks
By Samuel Indyk LONDON (Reuters) -Investors are starting to grow weary of the hype around artificial intelligence, as evidenced by the first outflow from technology stocks in almost three months, according to Bank of America Global Research on Friday. In the week to Wednesday, investors poured money into cash, equities and bonds and ditched gold…