Chip stocks were the biggest beneficiaries of last year’s artificial intelligence investment craze, but they have stumbled so far this year.
Read More As US chip darlings struggle, some bet on software as next big AI play
Tag: Zacks Investment Management
Microsoft, Meta back big AI spending despite DeepSeek’s low costs
Days after DeepSeek’s breakthrough low-cost AI computing shook the technology industry, CEOs of Microsoft and Meta defended massive spending saying it was crucial to staying competitive in the new field.
Read More Microsoft, Meta back big AI spending despite DeepSeek’s low costs
Nvidia set to overtake Apple as world’s second-most valuable company
Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the kingmaker behind the AI revolution takes on the iPhone maker that has ruled Wall Street for decades.
Read More Nvidia set to overtake Apple as world’s second-most valuable company
Disney’s surprise streaming entertainment profit offset by weaker TV business
Disney’s surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office.
Read More Disney’s surprise streaming entertainment profit offset by weaker TV business