Big Tech’s capital spending is on track to surpass $200bn this year and rise even further in 2025, as anxiety grows on Wall Street about the returns on soaring investment in artificial intelligence.
Palantir Technologies (NYSE:PLTR) stock soared about 14% premarket on Tuesday after third quarter results and outlook beat estimates, drawing praise from Wall Street analysts. Wedbush maintained its ...
Some analysts are even dubbing this the “show me the money” quarter, as Wall Street’s patience with massive AI spending begins to wear thin. A tech stock selloff deepened Thursday as ...