Derek Saul, Forbes Staff

The “first iPhones designed from the ground up” for AI were introduced Monday.

Taxing unrealized capital gains on the country’s richest people is “an economy killer, Kamala knows that,” billionaire Mark Cuban said this weekend.

Netflix’s recovery came as other media empires flailed, with shares of Disney, Paramount and Warner Bros. Discovery each more than 50% below their 2021 peaks.

Apple shares opened down 8%, Microsoft 5%, Nvidia 14%, Google parent Alphabet 6%, Amazon 8%, Facebook parent Meta 7% and Tesla 11%.

The global stock market slide wiped out billions of dollars from the net worths of the world’s richest people.

Meta CEO Mark Zuckerberg is more than three times richer than he was in late 2022 as Meta stock bounced back.

A leader in all things technology for decades, the profitable but often plain Microsoft received a jolt over the last two years as analysts declared Microsoft the immediate winner in the AI rave, though it disappointed investors Tuesday.

Musk remains the richest person on Earth even after losing the equivalent of the 113th-wealthiest person’s entire fortune in one morning.

The stock is on pace for its second-best day on Wall Street ever.

Large technology stocks flails as lower interest rates appear on deck and investors view a Trump presidency as increasingly likely.