Bloomberg·2 min read·medium
Big Tech Earnings Slam Into a Market in Revolt Over AI Spending - Bloomberg.com
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Jeran Wittenstein, Ryan Vlastelica
✦AI Summary
Investors are showing signs of skepticism toward major technology companies as high spending on artificial intelligence fails to yield immediate, significant revenue growth. This shift marks a departure from the previous market trend of rewarding aggressive AI investment.
For years, US technology giants had a tacit agreement with investors: The companies could spend lavishly on artificial intelligence, and the stock market would reward them long as their revenues were…
businesstechnologyeconomy
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