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Express News | Top 10 Market Cap Growth in the First Half of the Year for U.S. Stocks
Why Was Alphabet's Stock Just Downgraded? An Analyst Sees Six Risks for Google.
EU steps up scrutiny of AI giants; OpenAI, Microsoft, and Google are on the list
On June 29th, Gelunhui reported that on June 28th local time, the EU antitrust agency stated that it will seek more regulatory scrutiny of Microsoft's cooperation with OpenAI and Google's trade with Samsung in the field of artificial intelligence. These actions by the EU highlight the discomfort of global regulatory agencies with large technology companies using their dominance in new technology fields. On that day, Microsoft and Google's stock prices both fell nearly 2%. You Yunting, a partner of Shanghai Dabang Law Firm, analyzed to reporters: "I think that under the current anti-monopoly legal framework, the EU is difficult to find antitrust compliance flaws in Microsoft's investment in OpenAI, even though it involves institutions such as technology and AI."
US stocks closed lower on the last day of June with all three major indexes down. The AI-driven Nasdaq rose 18% in the first half of the year, while Nvidia soared 149%.
After hitting a new high, the S&P and Dow fell together, possibly due to Goldman Sachs and JPMorgan bearish on US stocks. Amazon, Google, and Microsoft fell from their recent highs, while most chip stocks rose. However, Nvidia rose 3% before falling 0.4% as the AI hype drove the Nasdaq up 18% and the S&P up 14.5% in the first half of the year.
Overnight US stocks | Three major indices rise and fall, Nasdaq up more than 18% in the first half of the year, Morgan Stanley and Goldman Sachs bearish on US stocks.
On Friday, the three major US stock indexes rose and fell together, with the S&P 500 and Nasdaq hitting record highs at one point.
S&P 500 Edges Down on Week, Still Logs Strong Gain for First Half of 2024