In a note to clients on Friday, Goldman Sachs raised several critical questions regarding hyperscaler Oracle’s AI strategy as pressures intensify on the AI sector and investors become increasingly hesitant to allocate capital. Analyst noted that the discourse surrounding Oracle is focused on the relationship between monetisation and capital expenditures; the durability of demand in Read More
Meta emerged as the top performer within the S&P 500 on Friday, as investors expressed enthusiasm over the social media giant’s efforts to capitalise on its AI investments. In an internal memo, Meta outlined plans to double its cloud computing capacity to 14 gigawatts next year and commence the production of its own AI chips Read More
According to Truist, Amazon and Alphabet are poised for a rally as their cloud businesses expand, surpassing the expectations of market analysts. The bank has increased its price target on Amazon to $320 from $310 per share, suggesting a 17% potential upside based on Thursday’s closing price. Truist has increased its price target on Alphabet Read More
