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Returns on investment are still attractive enough to suck capital into the AI infrastructure buildout, but many of the benefits are accruing to companies in Asia rather than the U.S.

There had been ample warnings that stocks with price momentum had shot up too quickly, and on Thursday gravity reasserted itself.

The tech sector is leading a rush of mass layoffs. Cloudflare, Upwork, Bill outlined big cuts on Thursday, following Coinbase’s announcement earlier in the week.

Oil futures moved higher late Thursday while stock-index futures were little changed after the U.S. and Iran exchanged fire in the Persian Gulf, and after a federal court struck down President Donald Trump’s backup tariff plan.

The travel app has seen some demand disruptions from the Iran war, but is showing early success with its recent pivot into offering hotel bookings

Shares of CoreWeave fell 9% in after-hours trading as investors considered shrinking margins and lower-than-expected revenue guidance

Oil, the Iran war and inflation risks are putting a new floor under longer-duration Treasury yields

The rocket maker said it signed more launch contracts last quarter than it did in all of last year.

The financial sector has been weak while the rest of the market rallies — something that happened before the last big bear markets.

Nvidia is taking a major stake in Iren to build out a 5-gigawatt global footprint for its AI factory ambitions

Cloudflare’s stock falls as cofounders say the layoffs are “not a cost-cutting exercise.”

The company said revenue would’ve grown more not counting its recent acquisitions, but analysts say they put SoundHound in a strong position.