Reported about 1 month ago
Major tech firms saw a decline in market values in August driven by rising costs related to artificial intelligence and fears of a recession. Alphabet, Amazon, and Tesla experienced notable drops due to various operational challenges and market conditions. In contrast, Eli Lilly surged nearly 20% on strong sales from a new weight-loss drug, while Berkshire Hathaway's market value surpassed $1 trillion for the first time, indicating investor confidence. Meta also performed well, with a market value increase following positive revenue forecasts.
Source: YAHOO