Big Tech's AI spending spree comes with a catch
Big Tech aims to harvest new markets with these new spending sprees. But you'll have to trust the companies the investment is worth it.
Source: yahoo.com
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Amazon Results to Bring More Scrutiny for AI-Tethered Stocks
(Bloomberg) -- Amazon.com Inc.’s “show-me” moment will arrive on Tuesday when its earnings become the latest litmus test on appetite for heavy artificial intelligence spending.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailTesla Soars on Tentative China Approval for Driving SystemS&P 500 Falls 1% at End of Worst Month in 2024: Markets WrapStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterThe
Source: yahoo.com
Layoffs are a nightmare for employees, but Wall Street loves them
Companies just can’t stop talking about their plans to cut jobs. A recent Bloomberg analysis found that the rate of mentions of layoffs in quarterly earnings
Source: businessinsider.in
Tech Layoffs Scare Employees but Make Wall Street Investors Happy
Companies with strong profits are letting workers go to prove to Wall Street that they're serious about cutting costs and becoming more efficient.
Source: businessinsider.com
AI chipmaker Nvidia's Q4 earnings report: what to expect
Nvidia reports its Q4 financial results after markets close on Wednesday. The chipmaker has forecast major revenue gains.
Source: marketplace.org