Tag: per
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US telecom operators wobble after report SpaceX in talks for cell sites
Oct 23 : US telecom stocks declined on Friday after a report that SpaceX was seeking thousands of cell sites for a fourth wireless carrier, fueling concerns over fresh competition.Elon Musk’s rocket and space technology company was in talks to access at least 80,000 cell sites to build its wireless carrier f
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Stocks mixed, day after AI-related selloff; oil prices rise again
NEW YORK/LONDON, Oct 23 : Stock indexes were mixed on Friday, with tech shares edging higher after the previous day’s selloff, while Brent crude oil rose to its highest in more than five months after Houthi attacks in Saudi Arabia.The Nasdaq was up 0.2 per cent after starting the day lower, while the Dow was
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Data center spending to more than double to $2.1 trillion by 2028, BofA says
(Corrects to add attribution in headline)Oct 23 : Global data center spending is expected to hit $1 trillion in 2026 and more than double to $2.1 trillion by 2028, BofA Global Research estimated in a note on Friday, driven by growing demand for and development of AI services.Data center spending has b
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Explainer-Why AI data centers are powering a boom in fuel-cell demand
Oct 23 : Fuel cells are gaining traction among US hyperscalers racing to build data centers for the AI boom but struggling with grid constraints to secure quick and reliable power. Energy research firm Rystad Energy projects investments in fuel cells for data centers to rise to about $30 billion by 2030 from
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Infosys cuts forecast as AI spending shift deepens North America slowdown
BENGALURU, Oct 23 Reuters) – Infosys cut its annual revenue growth forecast on Friday as weakness in its key North American market deepened, underscoring how AI is disrupting the traditional IT services industry. The news sent US-listed shares of India’s No. 2 IT firm down 7.5 per cent in premarket trading.
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Euro set for weekly drop against dollar, yen as France concerns resurface
Oct 23 : The euro headed for a weekly loss against the dollar and the yen as a fresh sell-off in France’s government bonds led the country’s debt risk premium to levels not seen since the euro area sovereign crisis in 2011 on Thursday. The greenback also came under pressure during the week as a…
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Wall Street futures dip after AI rout, telecoms slide
Oct 23 : Wall Street futures ticked lower on Friday as caution prevailed after a sharp selloff in AI-linked stocks over concerns about the sector’s massive funding requirements, while telecom shares slid on fears of increased competition from SpaceX.AT&T, Verizon and T-Mobile were down over 3 per cent in prem
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India’s Infosys lowers annual revenue growth forecast
BENGALURU, Oct 23 Reuters) – Infosys trimmed its annual revenue growth forecast on Friday despite marginally beating estimates for quarterly revenue after demand from its energy and utility clients picked up.Revenue at India’s second-largest IT services provider rose 10.7 per cent to 492.44 billion rupees (
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Euro set for weekly drop, yen eyes biggest gain since early September
Oct 23 : The euro headed for a moderate weekly loss as France’s sovereign risk premium resumed its climb, while the yen was on track for its biggest rise since early September after attracting safe-haven demand amid a sell-off in AI-related stocks.A recent tech-led market sell-off showed the dollar no longer
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South Korean economy’s growth likely picked up in Q3 on chip exports: Reuters poll
BENGALURU, Oct 23 : South Korea’s economy grew slightly faster in the third quarter than in April to June, as booming semiconductor exports and AI-related investment helped offset still-uneven domestic demand, a Reuters poll of economists showed.An AI-fuelled chip boom has supported South Korea’s economy for
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