The AI buzz has turned a new leaf as companies move from expressing interest in the trend to investors expecting results from adoption. Former Cisco Executive Chairman and CEO John Chambers joins Yahoo Finance's Brian Sozzi to break down what investors should consider and how tech companies — both big and small — have to do to get ahead of the game. Chambers insists that AI is essential, stating “those companies that get AI right are going to see explosive growth." Investors are making “careful selection[s]” and in order to stand out, there has to be a strong incorporation strategy, Chambers notes, later echoing "this is the decade of AI" and the trend shouldn't be a cause for concern or fear. Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.
The AI buzz has turned a new leaf as companies move from expressing interest in the trend to investors expecting results from adoption. Former Cisco Executive Chairman and CEO John Chambers joins Yahoo Finance's Brian Sozzi to break down what investors should consider and how tech companies — both big and small — have to do to get ahead of the game.
Chambers insists that AI is essential, stating “those companies that get AI right are going to see explosive growth." Investors are making “careful selection[s]” and in order to stand out, there has to be a strong incorporation strategy, Chambers notes, later echoing "this is the decade of AI" and the trend shouldn't be a cause for concern or fear.
Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.
Barrons.com
Amazon shares gained ground in late trading Thursday after the company posted better-than-expected financial results for the September quarter. Amazon (ticker: AMZN) said third-quarter sales were $143.1 billion, up 13% from a year ago, accelerating from 11% growth in the June quarter, and above the high end of the company’s guidance range. Amazon Web Services revenue was $23.1 billion, up 12.3% from a year ago, which was about in line with Wall Street estimates, and consistent with the 12.2% increase one quarter earlier.
Bloomberg
(Bloomberg) -- The rout in US stocks has brought the S&P 500 Index to a crucial inflection point. It’s teetering near a correction after breaching 4,200 for the first time since May — a key technical level that may point to a longer-term selloff.Most Read from BloombergTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapControversial Chip in Huawei Phone Produced on ASML MachineUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021Israel Latest: Israel Says Key Planner of Oct
TipRanks
Tesla’s Q3 conference call was one for the ages. While the EV leader’s results were conclusively disappointing, the call itself featured ominous warnings from CEO Elon Musk on the state of the global economy, the higher interest rate environment and the difficult road ahead for the Cybertruck’s production. Shares duly tanked as investors digested an uncertain future for the undisputed EV leader. In fact, Morgan Stanley analyst Adam Jonas makes the case that Tesla’s dire outlook could have massiv
Reuters
Billionaire hedge fund manager Bill Ackman, who traditionally invests in stocks, earned roughly $200 million from a bet against U.S. 30-year Treasury bonds, a person familiar with the trade said on Wednesday. Ackman said on Monday on X, "we covered our bond short" some 12 weeks after he announced the bet on the messaging platform formerly known as Twitter. "The economy is slowing faster than recent data suggests," Ackman said in the post, adding "There is too much risk in the world to remain short bonds at current long-term rates."
Bloomberg
(Bloomberg) -- Momentum has turned in tech stocks and investors awakening from dreams of artificial-intelligence nirvana are back to a less grandiose concern: When will the selling stop?Most Read from BloombergTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapControversial Chip in Huawei Phone Produced on ASML MachineUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021Israel Latest: Israel Says Key Planner of Oct. 7 Attacks KilledWhat Happened Inside Morgan Stanley After
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