Ari Levy

Nvidia CEO Jensen Huang said that with Hugging Face, the chipmaker will "expand access to AI for developers and institutions worldwide."

Nvidia still has dominant market share in AI chips, but with competition picking up steam, the company is taking greater advantage of another key asset.

In addressing Wall Street for the first time since SpaceX's IPO, executives tried to make the case that hefty AI investments are paying off within a year.

Micron said in its earnings report that its gross margin jumped to 84.9% from 39% a year ago.

SpaceX is selling 555.6 shares at $135 a piece, raising $75 billion in the largest IPO on record.

Charles Schwab, Fidelity, Robinhood, SoFi and Morgan Stanley's E-Trade are among the brokerage platforms making SpaceX shares available.

Based on SpaceX's updated IPO prospectus, Elon Musk owns shares in the company worth over $866 billion.

On its quarterly earnings call, Apple said revenue growth in the current quarter would be between 14% and 17%, well above analysts' estimates.

Tim Cook's 15-year tenure at the helm of Apple was highly profitable for Wall Street, as the company's market cap swelled from $350 billion to $4 trillion.

Meta's twin legal defeats this week and a big sell-off in Micron spurred a drop in technology stocks, which were broadly hit by rising oil prices.