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SpaceX shares fall! Market cap of Elon Musk-led firm set to see $1 trillion drop from all-time high

The weakness in SpaceX shares has raised concerns about the broader momentum behind artificial intelligence-related IPOs. (AP photo) SpaceX, which made its founder Elon Musk the world’s first trillioniare, is all set to lose over $1 trillion in market capitalization from its record high. Shares of SpaceX, he aerospace and artificial intelligence company, fell sharply...
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RIL Q2 FY27 results: Reliance Industries posts 22% fall in profit on one-time Asian Paints caveat from last year; revenue rises 25% yoy

Mukesh Ambani (file photo) Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a consolidated net profit of Rs 20,946 crore for the first quarter, marking a 22% year-on-year decline. The drop was mainly attributable to an exceptional gain arising from the sale of its stake in Asian Paints during the corresponding quarter last year....
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Asian markets tumble as AI stock sell-off deepens; Nikkei sinks nearly 6%, HSI plunges 2%

Asian equities tumbled in red on Friday as concerns over artificial intelligence led stocks deepened, with Japan and Taiwan recording the sharpest declines. Additionally, growing tensions in the Middle East also kept investors cautious, lifting oil prices while US futures traded lower.Japan’s Nikkei 225 led the regional losses, plunging 5.8% to 62,945.97 after computer chipmakers...
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