Tech stocks sank in early trading Thursday as the Nasdaq fell more than 1%. On Wednesday, Apple ( AAPL ) debuted its first foldable smartphone, the iPhone Duo.
The device features a sleek look and interface, allowing users to multitask and view full-size video on its large 7.6-inch foldable screen. But it also packs a $1,999 price tag, which could turn off some consumers.
On the AI front, two AI researchers have issued stark warnings about the future AI. On Tuesday, Jacob Coxon , who previously worked at OpenAI ( OPAI.PVT ), posted on X that he resigned from Anthropic ( ANTH.PVT ), saying that neither company was taking the dangers of AI seriously.
Anthropic's Alignment Science Lead, Evan Hubinger, followed up with a post of his own, saying that Coxon is right and that he believes there is a greater-than-10 % chance that the technology could "kill all humans."
Speaking of Anthropic, Wall Street is waiting for the company to publicly file its S-1 investment prospectus. The filing with the Securities and Exchange Commission will provide potential investors with their first look at the AI startup's financials and outlook, as well as more information about its data center spending.
Rumors have swirled that the paperwork could come as early as this week, though more recent rumblings point to October.
SAP ( SAP ) CEO Christian Klein is aiming to push back on the Wall Street narrative that it's well behind the curve in the AI-driven software push.
"The breakthrough is definitely now our new platform, which is now becoming generally available in the fall," SAP CEO Christian Klein told Yahoo Finance from the Goldman Sachs Communacopia & Tech Conference.
"On this platform, you can build any agent you want with any LLM. Then you have a very rich context layer … so that is really a breakthrough moment. And we have already a lot of customers testing the new platform."
The software company's second quarter sales rose 9% from the prior year to 9.88 billion euros ($10.8 billion). Cloud sales rose 22%. Earnings came in ahead of analyst estimates.
Despite top- and bottom-line outperformance and a 27% increase in cloud backlog, management modestly trimmed its full-year 2026 main operating profit guidance to reflect several acquisitions.
The guidance trimming did little to alleviate concerns about SAP's future. With new enterprise software vendors emerging and others moving quickly to evolve for the AI era, investors have taken a cautious stance on SAP.
Apple's ( AAPL ) stock historically likes the annual iPhone reveal day , at least in the months after the tech giant unveils its latest pricey whiz-bang product.
Shares of the tech giant have often exhibited a modest sell-the-news reaction immediately following launch events before recovering in the subsequent 30-60 days, according to new analysis from Bank of America analyst Wamsi Mohan on Tuesday.
Apple's stock has gained in the 60 days following an iPhone reveal day 17 times, dating back to the 2007 smartphone launch, Mohan's research found.
Reporting synthesized and verified under Nexvoro.tech editorial guidelines. Full primary records referenced via Yahoo Finance.
OpenAI has formed a new independent mathematics advisory group hosted at the Institute for Advanced Study in Princeton following a surge in automated problem-solving. The move arrives amid mounting academic scrutiny regarding the rapid pace of artificial intelligence in advanced mathematical research.
As debate intensifies over the rapid acceleration of artificial intelligence, OpenAI has proposed a comprehensive framework for international safety standards, focusing heavily on alignment research and recursive self-improvement. The move follows recent high-profile departures and escalating concerns from industry insiders regarding humanity's long-term control over advanced frontier models.
As Washington fiercely debates artificial intelligence oversight, Nvidia CEO Jensen Huang has emerged as President Donald Trump's top confidant, successfully pushing back against growing regulatory pressures. While rival tech executives advocate for government slowdowns, the head of the world's most valuable chipmaker is charting a rapid course for American tech supremacy.
