Wall Street: Stock markets fluctuate between good corporate figures and AI concerns
The reasons for the recent losses in AI stocks continue to concern Wall Street. Even strong corporate figures do little to calm the situation.
OpenAI is reportedly seeking to raise around $30 billion at a valuation of approximately $1.4 trillion. This comes as the tech industry faces growing doubts about the AI boom, with concerns about the financing of AI infrastructure. Elice, a South Korean data center provider, saw its stock plummet by around 30% on its trading debut.
Despite strong demand, some companies like ABB are under pressure, while others outside of tech, such as General Motors, GE Aerospace, Northrop Grumman, and RTX, have reported robust results and raised their outlooks.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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