Oct 30 (Reuters) – Nasdaq futures tumbled more than 2% on Friday as Amazon signaled its AI spending boom is far from over and Intel warned it would burn cash this year, heightening concerns over the rising cost of the AI buildout. Shares…
TOKYO, Oct 30 (Reuters) – Tokyo Electron on Friday forecast a stronger-than-expected 87% jump in operating profit to 1.17 trillion yen ($7.41 billion), underscoring robust demand for chipmaking equipment driven by the AI boom. The upbeat forecast comes despite growing investor concerns over whether heavy…
Oct 30 (Reuters) – German sportswear maker Puma narrowed the guidance for its 2026 operating loss on Friday, with the midpoint of the range weakening slightly amid muted consumer demand. The company now expects an operating loss of €80 million to €130 million ($89 million to…
Oct 30 (Reuters) – French IT consulting firm Capgemini raised its 2026 guidance for the second time this year after its third-quarter revenue grew 12%, in the strongest signal yet that the rush to deploy AI is turning into contracts for Europe’s established consultancies.
LONDON, Oct 30 (Reuters) – BP posted third-quarter underlying replacement cost profit, its version of net income, of $8.46 billion on Friday, compared with expectations of $7.33 billion in a company-provided poll of analysts and $2.2 billion a year ago. The British major’s operating cash…
LONDON, Oct 30 (Reuters) – French drugmaker Sanofi said on Friday it expects sales to grow by a “low-teens percentage” this year, up from a previous forecast of 10% sales growth, banking on strong demand for its blockbuster asthma drug Dupixent. Sanofi also…
Google shares fell 12 percent in morning trading after the company reported its first combined revenue and profit miss in nearly four years, driven in part by a sharp swing into negative free cash flow. The drop, which is the largest…
SINGAPORE, Oct 30 (Reuters) – Tech shares slumped in Asia on Friday, the yen rose and bonds surged toward their biggest monthly gain in nearly three years as investors scurried to safety against worries that huge and rising AI spending may not…
TOKYO, Oct 30 (Reuters) – Japan’s Nikkei share average dropped as much as 3% on Friday, led by chip-related stocks, as concerns mounted over the sustainability of spending to fund the AI boom. Tokyo tracked overnight losses on Wall Street, and were given…
Further downside is certainly possible, but selling now won't erase the losses we've taken.
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