Tech stocks faced selling pressure following disappointing earnings reports from major firms, amid investor concern over the massive capital expenditures fueling the artificial intelligence boom. Amaz...
Hon Hai Technology Group, known as Foxconn, stated that its share of the global AI server market could reach 50% within a couple of years, potentially rising to around 45% next year, according to Chai...
Microsoft announced plans to raise $25 billion through the issuance of bonds, leveraging its top-tier AAA rating from S&P to support infrastructure expansion. The company stated that management is...
Jim Cramer stated that Wall Street sentiment is shifting away from rewarding aggressive artificial intelligence spending toward favoring companies that demonstrate financial discipline and clear retur...
Reddit announced a transition to a primarily "logged-in experience" in its third-quarter earnings call, a move intended to protect its data from AI scraping and facilitate lucrative licensin...
Amazon is scheduled to report third-quarter earnings after the bell on Thursday. Analysts surveyed by StreetAccount expect adjusted earnings per share of $1.96 and total revenue of $202.31 billion. St...
Wabi, an AI application described as a "personal agent," announced it raised $55 million at a valuation of $1.25 billion. The company, founded by Eugenia Kuyda, who previously founded the AI...
Alphabet shares fell sharply in premarket trading following an earnings report that marked the company's first double miss for both earnings per share and revenue since Q4 2022. Investors express...
Microsoft reported generating $10 billion in revenue from commercial arrangements with OpenAI, including revenue-sharing payments, for the quarter ended September 30. This amount represented nearly 11...
Gartner reported that only 3% of companies are currently exceeding their cost-saving targets through productivity gains derived from artificial intelligence. The findings, presented at Gartner's ...
