Stocks rose on Wednesday despite mixed quarterly figures from Alphabet and AMD. The S&P 500 and Nasdaq both saw gains, while the Dow Jones Industrial Average climbed. Alphabet’s shares dropped 8% after a cloud revenue miss and increased spending on AI, leading to concerns about the company’s AI ambitions. AMD also saw a decrease in share price after disappointing fourth-quarter data center revenue. Tech companies like Nvidia and Vistra saw gains in response to the AI theme. Apple’s shares dropped after reports of a potential investigation into its App Store fees in China, amid escalating trade tensions between China and the U.S.
source
Discover more from GLOBALMALAYALAM.NEWS
Subscribe to get the latest posts sent to your email.