Company News - Tesla experienced a significant decline, leading losses among the "Mag Seven" tech giants, with a drop of 4.45%, while Amazon was the only company in the group that did not lose ground on that day [2] - AST SpaceMobile Inc saw its shares surge by 13% after Verizon signed a deal for a cellular service from space [9] Industry Insights - Goldman Sachs noted that high valuations in the AI sector are becoming stretched but are not yet at levels consistent with historical bubbles, indicating that the current technology rally is driven by fundamental growth rather than irrational speculation [6] - The Bank of England expressed concerns that the risk of a sharp market correction has increased globally, warning that a loss of credibility by the US Federal Reserve could lead to a significant repricing of US dollar assets [8]
Dow Jones and Nasdaq set to open higher as FOMC minutes and 'AI bubble' in focus
Proactiveinvestors NA·2025-10-08 12:52