Analysts believe HP is a classic value bet and a play on capital returns, but some cautioned that it could be a repeat of Buffett’s IBM mistake.
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What’s behind Warren Buffett’s HP buy and why it’s giving some analysts bad IBM flashbacks
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Wall Street hates Meta’s AI spending guidance raise. We don’t
Meta Platforms shares were taking a beating in extended hours trading on Wednesday after management raised its expense guidance and took a massive tax charge. Revenue in the three months ended Sept. 30 climbed 26% year over year to $51.24 billion, easily outpacing the consensus estimate of $48.14 billion, according to LSEG. Adjusted earnings per share […]
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Fund managers reveal their bubble recipes and what to watch for as AI stocks soar
AI is tipped to transform the economy and eventually evolve into a $4.8 trillion market, but the question on everyone’s lips right now is: is the market in a bubble? Everyone from tech CEOs to asset managers and central bankers is worried the promise of AI could quickly turn sour if it doesn’t live up […]
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ServiceNow CEO denies AI companies are threatening enterprise software: ‘They don’t do what we do’
ServiceNow CEO Bill McDermott pushed back against the idea that artificial intelligence technology will make enterprise software redundant in a Wednesday interview with CNBC’s Jim Cramer. “We realize the world needs access to the great hyperscalers, and so we integrated with all three of them. So that’s a cooperative,” McDermott said. “The world’s going to […]
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