Reported about 17 hours ago
Recent earnings reports from major technology companies reveal a growing caution among investors regarding AI spending. Although firms like Amazon and Alphabet reported strong revenue growth bolstered by their AI investments, others such as Meta faced significant market backlash for poor performance, emphasizing a shift towards demanding tangible returns on such expenditures. This shift reflects a broader scrutiny of AI investments, with the market awaiting Nvidia's upcoming earnings for further insights into the industry's trajectory.
Source: YAHOO