Investors are closely monitoring the impact of artificial intelligence on the financial performance of tech giants like Amazon and Apple. While these companies are investing heavily in AI, the market is looking for strong financial results to support these endeavors. Amazon’s recent earnings report highlighted the success of its AWS cloud computing business, but fell short of revenue expectations in other areas, causing a dip in share prices. Similarly, Apple exceeded profit forecasts, driven by its services unit and upcoming AI features. Meta, Microsoft, and Google also faced scrutiny over their earnings, with varying results. Despite challenges, tech firms are optimistic about the long-term benefits of AI investments in transforming customer experiences and driving revenue growth.
Source: www.ibtimes.com