Tag: spending worries
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Japan’s Nikkei falls more than 2% on AI spending worries
TOKYO, July 24 : Japan’s Nikkei share average fell more than 2 per cent on Friday, as a sharp decline in Google parent Alphabet shares spurred concerns about heavy AI spending.The Nikkei was down 2.69 per cent at 64,634.04 as of 0112 GMT, while the broader Topix slipped 1.28 per cent to 4,002.09.The Ni
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Alphabet’s Gemini delay, spending worries loom over earnings
July 21 : Alphabet faces heightened scrutiny from investors as a delay in the launch of a model key to its AI ambitions adds to worries over the payoff from massive data-center spending, months after raising expectations with a blockbuster quarter for cloud sales. The Google parent — set to report second-qu
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Oracle beats fourth-quarter revenue estimates amid AI spending worries
June 10 : Oracle reported fourth-quarter revenue that narrowly beat Wall Street expectations on Wednesday, amid growing concerns about its spending and AI-driven disruption to traditional software demand.Shares of the company fell 2 per cent in extended trading, after it said it expects to raise nearly $40 bi
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