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Posted in WP-3
Nvidia Stock Falls. What Google Parent Alphabet’s Earnings Mean for the AI Chip Maker.
Nvidia looked set to fall on Wednesday in the wake of Google parent Alphabet’s quarterly earnings. The report contained mixed signals for the Magnificent Seven semiconductor stock, which dropped 1.8% to $120.43 in premarket trading. The AI chip maker’s shares had fallen 0.8% on Tuesday. Alphabet ’s earnings showed that the Big Tech giant has …
Posted in WP-3
4 Key Takeaways From Google Parent Alphabet’s Earnings Call
After Google parent Alphabet (GOOGL) reported second-quarter results that beat analysts’ expectations driven by Google Cloud and search strength, executives updated investors on the company’s investments in artificial intelligence (AI), outlook, and more. CEO Sundar Pichai Says Risk of Underinvesting in AI Outweighs Overinvesting Fears As big tech companies boost capital expenditures to invest in …