The Daily

New York. Shares in US tech giants tumbled on Friday, capping a week of earnings reports that raised questions on Wall Street about whether the AI spending boom was sustainable.

Microsoft, Alphabet and Amazon all reported quarterly results this week, signaling they would continue pouring money into data centers and chips even as investors grow impatient for returns.

 » Read more about: Tech Stocks Slide as Investors Demand Returns on AI Spending  »

• ARK’s actively managed ETFs made a mix of moves, trimming some established holdings while adding to smaller healthcare names.

• ARK Genomic Revolution ETF increased its exposure to Tempus AI, Pacific Biosciences of California, Beam Therapeutics, and Arcturus Therapeutics.

• Eli Lilly was among ARK’s notable trims on Friday,

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More than 640 days have passed since Donald Trump took the oath of office at the Capitol and delivered a grandiose inaugural address in which he declared: “The Golden Age of America begins right now. From this day forward, our country will flourish and be respected again all over the world.”

Nearly two years later,

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When a respiratory infection stretches from days into weeks, many workers assume their years of payroll tax contributions will cushion the blow. The real answer depends on a definition of disability most people have never read.

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Recent advances in artificial intelligence (AI) have shifted the tech landscape, minting a string of stock winners along the way. One of those is Sandisk (SNDK -13.47%). It’s been less than a year since it was spun off from Western Digital in early 2025.

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Alphabet, Google’s parent company, and several other Silicon Valley giants are having a rough week on Wall Street.

Shares of major tech companies have plunged in recent days as investors grow increasingly concerned about how much money they’re spending on AI and when and if those investments will pay off.

Alphabet,

 » Read more about: The AI Gold Rush Is Turning Into a Wall Street Bloodbath  »

The administration argues that restrictions, such as those on the H-1B visa, are designed to “curb abuses and protect American workers.” In a presidential proclamation in September 2025, Trump said that the H-1B program was “created to bring temporary workers into the United States to perform additive,

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