Latest Updates Around The World
“The Big Short” investor Michael Burry, an outspoken skeptic of the current AI boom, took aim at Nvidia when he launched a paid Substack newsletter aimed at the financial markets days after closing his hedge fund.Burry, who became famous for his bets on the US housing market ahead of the 2008 financial crisis, is widely […]
The fate of Wall Street’s dizzying bets on artificial intelligence will rest squarely on Nvidia on Wednesday when the chipmaker reports results, with investors looking for signs that bubble concerns are overblown.Three years after ChatGPT’s debut, investors are increasingly uneasy as the AI boom has surpassed fundamentals. Some business leaders have noted that circular deals […]
Shares of Amazon rose more than 11% in early trading on Friday, after strong growth at its cloud unit and bullish sales prospects eased fears that the tech giant was falling behind its rivals in the AI race. Revenue at Amazon Web Services, the focus of the company’s recent AI investments, rose 20% in the […]
