“Wall Street is starting to pick its AI winners,” declared MacKenzie Sigalos of CNBC Business News, setting the stage for a stark commentary on the latest earnings reports from the tech giants. In a segment on CNBC’s “Closing Bell Overtime,” Sigalos, speaking with anchor John, dissected why some hyperscalers are being rewarded for their AI […]
“Significant AI investments despite unknown revenue mirrors the ’21, ’22 Metaverse spending.” This stark observation, highlighted by Jason Helfstein, Oppenheimer’s Head of Internet Research, encapsulates the core concern driving his firm’s recent downgrade of Meta Platforms. The market, it seems, is experiencing a sense of déjà vu, wary of another massive capital expenditure cycle with […]
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