E479 - Stocks Close Lower, Led By Slumping Software

MRKT Matrix - Thursday, April 23rd

Stocks close lower, retreating from records as software shares slump, oil jumps (CNBC) Software stocks plunge on ServiceNow, IBM results as AI fears escalate (CNBC) Texas Instruments’ stock jumps 18%, heads for best day since 2000 as AI demand soars (CNBC) Meta, Microsoft Look to Trim Workforces Amid Heavy AI Spending (Bloomberg) Microsoft Needs Copilot to Get Back in the Air (WSJ) Anthropic's growing pains mount ahead of OpenAI showdown (Axios) White House accuses China of ‘industrial-scale’ theft of AI technology (FT) Avis Sinks 70% in Two Days, Setting Off Cascade of Trading Halts (Bloomberg)

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