The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Wall Street's flip from AI to less-loved stocks accelerates, while oil prices keep easing

News Snapshot:

Most of Wall Street rose Tuesday, even as stocks of computer chipmakers continued to tumble worldwide. Oil prices, meanwhile, eased further from the two-month high they hit last week. The Standard & Poor’s 500 added 0.2%, but the modest move masked big swings underneath the surface. The Dow Jones industrial average jumped 537 points, or 1%, while the Nasdaq composite slipped 0.2% after briefly dropping 9.3% below its record set last month.The majority of the U.S. market rose after more companies delivered stronger profits for the spring than analysts expected. Coca-Cola climbed 5% after its revenue rose 7% despite what…

Other China Tech Buzz: