Tag GOOGL
The decline comes amid signs of over exuberance in major tech stocks and investor angst about increased AI spending...
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(Reuters) -Verizon announced a deal with Amazon Web Services on Monday to build high-capacity fiber routes connecting AWS data centers, aiming to strengthen infrastructure for the next generation of...
Continue ReadingDuring the quarter, we initiated a position in the online retailer and cloud computing giant Amazon. Read more here...
Continue ReadingIn the quarter, our Strategy gained 4.65%, trailing the Russell 3000® Value Index, which was up 5.63%. Read more here...
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Q3 earnings growth continues to improve. With 64% of constituents reporting thus far, S&P 500 EPS growth for the quarter accelerated to 10.7%. This marks the second peak week of Q3 earnings...
Continue ReadingSeptember was a juicy month with several dividend payments. I also added more shares of CCL and SJ:CA to boost the payouts...
Continue ReadingAlphabet's strong AI integration fuels profits but faces valuation risks. Click for my updated look at GOOGL stock post Q3 earnings...
Continue ReadingSTORY: OpenAI, the maker of ChatGPT, has signed a seven-year, $38 billion deal to buy cloud services from Amazon.It's the company's first big push to power its AI ambitions after a restructuring last week that gave it greater operational and financial freedom.The agreement, announced on Monday, will give OpenAI access to hundreds of thousands of Nvidia graphics processors to train and run its artificial intelligence models.It underscores the AI industry's insatiable appetite for computing power as companies race to build systems that can rival or surpass human intelligence.OpenAI CEO Sam Altman has said the startup is committed to spending $1.4 trillion to develop 30 gigawatts of computing resources - enough to roughly power 25 million U.S. homes.The deal is also a major vote of confidence for Amazon's cloud unit, Amazon Web Services, which some investors feared had fallen behind rivals Microsoft and Google in the AI race.Those fears were somewhat eased by strong growth reported in the September quarter.Amazon shares hit an all-time high on Monday, with the company set to add nearly $140 billion to its market value...
Continue ReadingTech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0...
Continue Reading(Reuters) -Hippocratic AI raised $126 million in its latest funding round led by Avenir Growth, it said on Monday, valuing the healthcare company at $3.5 billion and underscoring venture capital's...
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