SaaS companies took major hits: Microsoft closed down 2.87%, SAP was down 3.29% this morning on the German market, Salesforce lost 6.85% yesterday and was further down in overnight trading, ServiceNow was down 6.97% yesterday and was marginally lower overnight, also.

US stocks got hit as oil investors skimmed profits in the tech sector and concerns rose over higher oil prices.

Data provider stocks and private-fund managers drop after Anthropic release; Nasdaq falls 1.4%

US stock market indices like the Dow Jones and the S&P 500 opened higher, while the Nasdaq Composite dropped as investors avoid big bets on software and cloud stocks. Follow all US stock market live updates here.

Melius Research's Ben Reitzes sees upside ahead for Nvidia, Broadcom and Microsoft as enthusiasm for makers of components that are in short supply winds down.

It might be a stretch to view Oklo as a long-term passive-income stock, but the growth opportunity is there.

US stocks fell on Wednesday, February 4, as technology shares came under pressure. The S&P 500 declined 0.4% and the Nasdaq 100 dropped 1.5%, marking its second straight day of losses. Semiconductor stocks led the selloff,

"Existential concerns and momentum in other parts of the [tech] sector with a more visible path to monetizing AI — spilling into AI/Hyperscalers. Price action sets the (now cautious) narrative. AI itself faces question on adoption, leverage, circular financing, and overspending," he added.

This company is proving that you can win in insurance with a better customer experience.

Nvidia CEO Jensen Huang dismissed fears that AI will replace software as tech stocks were rattled by new tools from Anthropic this week.