Nasdaq 100 Slips, 10-Year Yields Hit 19-Year Highs: Stock Market Today
Stocks slid as the 10-year Treasury yield hit a 19-year high on blowout PMI data; cybersecurity stocks bucked the selloff.
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Aurora Targets More Than 30,000 Driverless Trucks By 2030, Expects 200 In Operation By Year-End; Hirschbach Plans 500-Truck Fleet Under Non-Binding MOU
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Aurora Innovation Announces 2030 Vision, Sees SAM Expansion: 150B+ VMT, ~40x Growth From Today; Fleet Scale: 30K+ Expected Driverless Trucks In Operation; Revenue: $5B+ Projected Annual Revenue; Unit Economic Profitability: ~60% Target Gross Margin; R&D Efficiency: 7x Anticipated Revenue Return On R&D Investment
Shares of software companies are trading higher amid overall market strength and easing inflation concerns as investors return to AI-related companies. Investors may be taking confidence in Accenture's five-year partnership with Anthropic to embed evaluators to alongside AI development teams.