Microsoft, a tech giant, released its earnings report which showed some good, but also some not-so-good news and has shaken analysts' faith in the company's aggressive expansion in artificial intelligence. It hit above-expectations with the total revenue for the quarter going up 12%. The company fel
Meta, the company behind Facebook, is set to spend a staggering $60 billion to $65 billion this year on building AI infrastructure. That's a lot of money! CEO Mark Zuckerberg thinks 2023 will be a big year for AI, and he's putting his company's cash where his mouth is. This investment will include
Stocks are soaring, with the S&P 500 reaching its highest point ever. This uptick follows a drop in the 10-year Treasury yield, which has been fueling the market's growth. However, on Wednesday, the yield slightly increased, going back up to 4. 6%. The dollar also hit a two-week low, causing some fr
President Donald Trump is set to announce a massive investment in artificial intelligence (AI), worth up to $500 billion. This project, called Stargate, is a partnership between tech giants OpenAI, Oracle, and SoftBank. The goal? To build the infrastructure needed for AI development, starting in Tex
The U. K. is making a big shift in its stance on AI. Instead of focusing on the potential harms, it's now betting big on the technology. The government has launched a new plan to speed up public services and create jobs using AI. They're calling it a "decade of national renewal. " This includes sett
The stock market took a hit on Monday, with the Dow Jones Industrial Average dropping by 1%, the S&P 500 falling by 1. 1%, and the Nasdaq selling off by 1. 2%. Nvidia's stock managed to bounce back slightly, ending just below its 50-day moving average. This average is a critical level to watch for i
Meta's shares haven't slowed down in 2025, extending last year's gains. The company's focus on efficiency and cost-cutting in 2023 paid off big time, with a significant boost in operating margins and even a first-ever dividend. Despite some setbacks early in the year, the stock rebounded, fueled by
After a long wait, a top tech fund manager is spotlighting his favorite picks in the tech sector. Tony Wang, the wizard behind T. Rowe Price's science and technology strategy, sees a thrilling shift happening. He believes companies are now focusing more on software and app developers who are busy la
Tech company Nvidia is in discussions with Elon Musk about investing in his AI startup, xAI. This startup is the power behind the Grok chatbot on Musk's X social network. According to reports, xAI is looking to raise billions of dollars, aiming for a valuation of around $40 billion. The company has
Wall Street analysts are buzzing about Amazon's third-quarter earnings. The tech giant scored big, causing its stock to jump more than 6%. Amazon Web Services (AWS), the company's cloud segment, missed some revenue predictions but still grew nearly 20% compared to last year. Amazon is spending heavi
