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Sam Altman · Menlo ParkKey Points in This Article:
AI has driven Big Tech valuations skyward with hundreds of billions spent and trillions more planned.
Meta Platform’s (META) recent move hints at a potential limit to the AI spending spree.
Big Tech stock dipped this week, reflecting market concerns over AI’s return on investment.
Nvidia made early investors rich, but there is a new class of ‘Next Nvidia Stocks’ that could be even better. Click here to learn more.…See the Story
Big Tech’s AI Bubble: Meta’s Move Hints at a Looming Crash
34% Center coverage: 12 sources
Jerome PowellWall Street pointed modestly higher before the bell Friday as markets tried to snap a weeklong losing streak ahead of widely anticipated speech by Federal Reserve Chair Jerome Powell. Futures for the S&P 500 added less than 0.1%, while those for the Dow Jones Industrial Average rose 0.1%. Nasdaq composite futures inched up 0.1%. The S&P 500 has closed lower for five straight days heading into Friday, its longest such streak since January. Nvidia…See the Story
Fed Chair Jerome Powell to Give Jackson Hole Speech as Traders Await Cues on US Monetary Policy
Coverage: 10 sources
