Alphabet Shares Fall as Investors Weigh AI-Chip Sales Forecast
Alphabet Class A shares were down 1% at $341.43 at 10:10 a.m. EST on October 16. Evercore ISI forecasts chip-system sales could supply…
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Nasdaq falls on AI revenue fears, oil gains
The Nasdaq composite fell 1.3% in a mixed session as AI-related shares slid after reports of lower-than-expected OpenAI revenue. Oil prices rose after President Donald Trump's remarks on the Middle East war, while Federal Reserve Gov. Christopher Waller said additional rate hikes may be needed.