Arm Gives Bullish Forecast, Pointing Toward AI Demand Surge
Arm Holdings Plc, which provides the most widely used technology in computing processors, gave a bullish revenue forecast,…
Meta Spending Spree Recalls Metaverse Debacle That Crushed Stock
The huge checks Meta Platforms Inc. is writing to support its artificial intelligence ambitions are reminding some investors…
Westpac CEO pay over $4 million, nearly double last year’s earnings and 55 times average Kiwi wage
“It’s fair enough as well. It’s right that it’s transparent. So from my view, whilst I don’t like…
AMD’s Outlook Fails to Wow Investors After AI-Fueled Rally
Advanced Micro Devices Inc., the main contender to Nvidia Corp. in the artificial intelligence chip market, failed to…
Caterpillar to Double Gas Turbine Capacity to Feed AI Boom
Caterpillar Inc. plans to more than double its capacity of gas turbines to tap into soaring demand for…
Global AI Bubble Burst May Aid Flows Into Indian Stock Market
Before the trading day starts we bring you a digest of the key news and events that are…
Amazon says its AI shopping assistant Rufus is so effective it’s on pace to pull in an extra $10 billion in sales
In case you were unsure about Amazon’s ability to monetize artificial intelligence, “the everything store” assigned a staggering…
Big Tech Earnings Reveal Cracks in Case for Massive AI Spending
A week that saw the Federal Reserve cut interest rates and dozens of US companies report earnings nevertheless…
Meta Defies AI Spending Gloom With Its Record-Breaking Bond Sale
Meta Platforms Inc. found record-shattering demand for its bond sale on Thursday even as its shares plunged, in…
Wall Street’s Love of AI Cost Cuts Sends C.H. Robinson Soaring
The nonstop enthusiasm for artificial intelligence is spilling into the transportation business, with shares of C.H. Robinson Worldwide…
Amazon shares surge as AI boom drives cloud growth
The tech giants are all making huge investments to build up their AI computing capabilities, money that the…
Google’s corporate parent posts first-ever quarter with $100B in revenue in latest show of its power
SAN FRANCISCO (AP) — Google’s corporate parent on Wednesday announced its first-ever quarter with more than $100 billion…