Alphabet Stock Plunges 6% as Cloud Revenue and AI Costs Worry Investors
Google parent company Alphabet saw its shares tumble after disappointing quarterly results, particularly in its cloud division, amid increased AI investments. The revenue miss and growing expenses raised concerns about the company's competitive position against rivals Microsoft and Amazon.
Nvidia Stock Breaches Key Support Level as AI Competition Heats Up
Nvidia shares dip below crucial 200-day moving average amid concerns over Chinese AI startup DeepSeek's advancements. Technical analysts project further downside risk while debating whether the stock will see steep declines or sideways consolidation.
ASML's Record Earnings Surge Amid AI-Driven Semiconductor Boom
Dutch semiconductor giant ASML reports stellar Q4 earnings with €9.3 billion revenue, driving shares up 10% as AI demand accelerates. Recent tech sector volatility creates potential buying opportunity in ASML and Nvidia amid positive industry outlook.
Economic Outlook 2025: Steady Growth Amid Inflation and Labor Challenges
The U.S. economy projects moderate growth of 2.1% by late 2025 despite persistent inflation above the Fed's 2% target. While recession risks remain low, businesses must navigate labor constraints, supply chain risks, and restrictive monetary policy.
ByteDance Plans $7B Nvidia Chip Investment to Power AI Ambitions
TikTok parent ByteDance aims to invest $7 billion in Nvidia chips for AI computing in 2025, strategically storing them outside mainland China to comply with U.S. export restrictions. The bold move would make ByteDance one of the world's largest Nvidia chip users as it expands its AI capabilities and chatbot services.
Alibaba to Divest $1 Billion Intime Retail Stake to Youngor Fashion in Strategic Realignment
Alibaba Group is finalizing a $1 billion sale of Intime Retail to Youngor Fashion, marking a strategic shift toward core technology businesses. The deal promises to reshape China's retail landscape by combining Intime's store network with Youngor's fashion expertise.
SoftBank and Trump Unveil $100 Billion Tech Investment Plan for US
SoftBank CEO Masayoshi Son and President-elect Trump announced a massive $100 billion investment commitment in US technology projects over four years. The Japanese tech giant aims to create 100,000 new jobs focused on AI and infrastructure, doubling their previous $50 billion pledge.