The New York Times
Alphabet Shares Decline 1.6% to $356.62 as Tech Stocks Face Profit-Taking
On Thursday, Elon Musk’s SpaceX, a rocket maker and leader in A.I., is seeking to raise $75 billion in an initial public offering that values the company at $1.77 trillion, making it the largest I.P.O. on record.
Those factors have contributed to periodic market swings this year, particularly in sectors that have delivered some of the strongest gains during the AI investment boom.
