Your Pulse On America: Live And Unfiltered
The trillion-dollar investment cycle into generative artificial intelligence is only just beginning, and is already starting to pay off, according to John Belton, portfolio manager at Gabelli Funds. Tech companies are set to invest roughly $1 trillion in capital expenditures into AI infrastructure over the coming years, causing some investors to worry the businesses may…
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024. Justin Sullivan | Getty Images Broadcom reported second-quarter earnings on Thursday that beat Wall Street expectations, and the chipmaker provided robust guidance for the current period. Here’s how the chipmaker did versus LSEG consensus estimates: Earnings per share:…
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Noah Berger | Getty Images Entertainment | Getty Images Amazon said Thursday it plans to boost its capital expenditures to $100 billion…
Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon Musk Manuel Orbegozo | Chip Somodevilla | Reuters The news surrounding the power and efficiency of China’s DeepSeek roiled tech markets Monday and landed just in time to give U.S. tech investors a reason to pay particularly close attention to earnings season, which kicks off…
The DeepSeek sell-off could soon mean a buying opportunity in Amazon and Broadcom , according to Hightower’s Stephanie Link. Stock futures are tumbling Monday after Chinese startup DeepSeek debuted a potentially competitive artificial intelligence model at a lower cost than OpenAI, spurring investor fears of an impending burst in the AI bubble. The S &…
U.S. technology firms plunged in Monday premarket trading, part of a global sell-off as Chinese startup DeepSeek sparked concerns over competitiveness in artificial intelligence and America’s leadership in the sector. Shares of chip designer Nvidia, a major beneficiary of the AI hype, slid more than 11% ahead of the market open. This rout extended to…