Investors were looking to Microsoft and Meta to provide reassurance that they will keep spending heavily on Nvidia chips.
Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI computing that shook the U.S. technology industry, ...
Investors punished Microsoft with a 4% share drop on Thursday as hefty AI bets failed to drive a big increase in its cloud revenue, while Meta rose 2% after CEO Mark Zuckerberg assured Wall Street ...
S&P 500, and Nasdaq futures are rising, the Dow is Falling in premarket trading Thursday as the stock market digests Big Tech earnings and Fed comments on interest rates.
On the other hand, software companies and big tech firms like Microsoft, Meta, and Google could benefit. Lower AI costs could make the technology more accessible to smaller businesses, boosting ...