Aswath Damodaran Says Microsoft, Amazon, Meta and Alphabet Are Overinvesting in AI
Aswath Damodaran, the NYU Stern professor known as the "Dean of Valuation," says Microsoft, Amazon, Meta and Alphabet are collectively…
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Latest stock market news — earnings reports, S&P 500, Nasdaq, major tech stocks and global equities. Expert analysis updated throughout the trading day.
Argus upgrades SpaceX to buy, cites AI spending payoff and $160 price target
Argus Research raised SpaceX to buy from hold on Friday, setting a $160 price target and pointing to fast payback…
Amazon tells AWS engineers to shut down idle servers as AI demand strains capacity
Amazon Web Services is telling its own engineers to shut down idle servers after finding most of its virtual machines…
Nvidia Stock Consolidates After Hitting New High
Nvidia shares are pulling back from a fresh intraday high as traders take profits, with no major negative company news…
Exxon’s Profit Fell Short of Estimates, But Its Dividend Didn’t
ExxonMobil's second-quarter adjusted earnings missed Wall Street's estimate even after surging 67% year over year. But record production and a…
