The e-commerce giant is committed to laying the infrastructural groundwork and supporting systems for AI development in the country, Wu told attendees at the World Internet Conference hosted by the Cyberspace Administration of China in the canal town of Wuzhen in eastern Zhejiang province. “In the next three decades, AI will comprehensively enhance productivity across…
In This Story After Morgan Stanley’s (MS-0.90%) bullish outlook, another financial giant has joined the optimistic chorus for the S&P 500 in 2025. What’s more, it expects the growth of the S&P 500 to occur without relying on the outperformance of the Magnificent Seven, marking a notable shift in market dynamics. How AI is revolutionizing…
Photo: Michael M. Santiago (Getty Images) The Dow Jones Industrial Average fell more than 250 points Thursday mid-morning, alongside sharp Nasdaq and S&P 500 declines, following earnings reports from Microsoft (MSFT) and Meta (META), as both tech giants grapple with challenges in meeting the surging demand for AI. Meta stock fell about 3% in Thursday…
For tech’s biggest players, this earnings season is starting to feel like a scene from the movie Jerry Maguire — and the “show me the money” demands aren’t working out any better than they did for Tom Cruise. Some analysts are even dubbing this the “show me the money” quarter, as Wall Street’s patience with…
In This Story Despite posting robust quarterly profits, Microsoft (MSFT-5.26%) and Meta (META-3.86%) shares slumped Thursday as both tech giants signaled substantial future AI spending requirements and slower growth prospects. The companies, which have emerged as leaders in the AI sector, saw their stocks decline despite heavy investments in generative AI that had previously fueled…
The Nasdaq Composite (^IXIC) is leading US stocks lower Thursday morning as Big Tech earnings continue to roll out. Shares of Microsoft (MSFT) and Meta Platforms (META) are taking a dip since reporting earnings yesterday; Amazon (AMZN) and Apple (AAPL) are the next members of the Magnificent Seven to report after today’s market close. The…
Meta Platforms Inc. posted stronger-than-expected third-quarter results on Wednesday fueled by its advertising revenue growth and its push to incorporate artificial intelligence. But the Instagram and Facebook parent company warned that it expects a “significant acceleration” in infrastructure spending next year as it continues to pour money into developing AI. Nearly all of Meta’s revenue…
STORY: Wall Street closed higher on Monday ahead of a packed week of earnings from megacap companies and the final stretch before the Nov. 5 presidential election. The Dow climbed about two-thirds of one percent while the S&P 500 and the Nasdaq added about a quarter of one percent each. About 1/3 of S&P 500…
In This Story This week promises to be exceptionally busy, with a blend of financial updates and festive celebrations. Investors are bracing for a flurry of major earnings reports, providing a crucial snapshot of how various sectors are navigating the current economic landscape. McDonald’s is facing its first lawsuit from the Quarter Pounder E. coli…
We recently compiled a list of the 15 AI News Investors Should Not Miss. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against the other AI stocks investors should not miss. Artificial Intelligence developments are making headlines across various sectors. From high-profile legal battles to groundbreaking advancements…