Shares of GE falling at the start of the trading day after the company said it would take a $6.2 billion charge in its finance arm.
Plus shares of BlackBerry rose after the Canadian tech giant unveiled its "Jarvis" software for connected cars. The cybersecurity system will prevent autos from being hacked.
And Google is planning to lay underwater cables in an effort to expand its cloud business to new regions. The stock was rising in early trade.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
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While Nvidia's meteoric rise led it to briefly dethrone Microsoft as the world's biggest public company, there's a lot more going on in this market than A.I.
The Russian company said in a statement that the Commerce Department's decision would not affect its ability to sell its cybersecurity products in the U.S.
