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BIG TECH AI INVESTMENTS
US stocks: Amazon beats estimates for quarterly cloud revenue growthAmazon Web Services cloud revenue surged significantly, surpassing market forecasts. This strong performance was fueled by increased enterp...
If CrAIze slows, India can play catch-upWall Street banks are now creating AI bonds as a solution to manage credit risk, reflecting investor worries over extensive borrowing for A...
Meta misses profit expectations, sticks to massive AI spendingThe Facebook and Instagram parent company reported free cash flow of $784 million in the second quarter ended June 30, down from $8.55 bill...
AI Big Short? Why rising credit default swaps are spooking investors and how is it similar to 2008 housing crisisRising credit default swaps on major technology companies are fuelling concerns over a potential AI-driven market correction. Investors are...
Microsoft set for $190 billion market value swing after earnings results, options indicateThe tech company's options imply a move of about 6.6% in either direction after the company reports fourth-quarter results. By comparison, ...
US Stocks: US market edge lower ahead of Fed decision; chip stocks wobbleMajor stock indexes on Wall Street opened lower on Wednesday. Investors awaited the Federal Reserve's monetary policy decision amid Middle ...
China is throwing a 1-2-3 punch at the global AI tradeIn quick succession, China has thrown a powerful 1-2-3 punch at the global AI trade. On July 16, Beijing-based startup Moonshot AI released...
IT stocks on a roll: TCS, Infosys, Coforge and others rally up to 5% for second straight day. What's driving this surge?Indian IT stocks rallied for a second straight session, buoyed by strong Q1 earnings, optimism around AI-driven demand and improving invest...
SK Hynix's record profit misses forecasts; shares slump 10% despite robust AI chip demandThe Nvidia supplier's quarterly operating profit soared more than sixfold to a record high, but it said delays in shipments of some advance...
Apple briefly tops $5 trillion in market value, second after Nvidia; unveils iPhone leasing schemeApple briefly surpassed $5 trillion in market value, becoming only the second company after Nvidia to reach the historic milestone.
Apple briefly becomes second company ever to notch $5 trillion market valueIts shares were last up 0.2% at $337.7, giving it a market capitalization of $4.96 trillion. At a session high of $342.89, Apple's market v...
From AI boom to valuation worries: Why investors are rethinking big tech betsNvidia-led semiconductor stocks came under pressure as investors reassessed lofty AI valuations, concerns over infrastructure spending and ...
Chipmaker CXMT vaults to top of China's valuation with 466% surge in Shanghai debutChina's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring 500 percent on its market debut Monday...
MFs push back on Zepto valuation; PEs take AI betsHappy Monday! Zepto's IPO pricing expectation has run into resistance from top mutual funds. This and more in today's ETtech Morning Dispat...
New AI tools let readers talk to booksWith these tools, users get access to an e-book or audiobook alongside an AI chatbot. Readers can dig into a character's psychology, histor...
Uber cuts 10% customer service jobs as AI becomes latest driver of tech layoffsUber has cut 10% of its customer service workforce, marking the first time the company has directly linked layoffs to artificial intelligen...
Google quarterly cloud revenue growth beats expectationsGoogle Cloud revenue surged eighty-two percent, fueled by strong enterprise demand for AI services. This significant growth helped offset c...
AMD to invest up to $5 billion in Anthropic; AI startup to buy up to 2 GW of chipsAMD plans to invest up to $5 billion in Anthropic, alongside a major AI chip supply deal starting 2027. The move strengthens AMD’s position...
US Stock Market: Big tech's AI spending boom raises cash flow concerns despite early returnsAmerica's biggest technology companies are beginning to generate meaningful AI-driven revenue, but surging infrastructure spending is putti...
Analysis-AI investment boom puts Big Tech's free cash flow under pressureBig tech firms are investing heavily in artificial intelligence infrastructure. Their capital expenditures may soon exceed free cash flow g...