文章来源于互联网:Big Loss for AI Companies in the Stock Market，仅供学习使用。Home » AI News » Big Loss for AI Companies in the Stock MarketFebruary 1, 2024: AI-related companies faced a big setback, losing $190 billion in market value late Tuesday. This happened after Microsoft, Alphabet (Google’s parent company), and Advanced Micro Devices (AMD) shared their quarterly results, which did not meet investors’ high expectations.These investors had driven the stocks of these companies to new highs, hoping that the use of AI technology would bring great benefits.The drop in stock prices followed the earnings reports of these tech giants, showing that investors were expecting more from companies benefiting from the recent AI boom.Alphabet saw a 5.6% drop in its stock price because its ad revenue for the December quarter was below what people expected.Alphabet also mentioned that it would spend more on data centers to support its AI projects, showing the high costs of competing with Microsoft in AI technology.While Google Cloud made a little more money than expected because of interest in AI, Microsoft’s Azure cloud service grew even faster.Microsoft’s overall revenue was higher than what analysts predicted, helped by new AI features that attracted more customers. However, its stock price dropped slightly after the news.The excitement around AI had pushed Microsoft’s stock value above $3 trillion earlier this month, making it more valuable than Apple.But after these reports, the optimism faded a bit. AMD’s stock also fell by 6% because its revenue forecast for the next quarter was lower than expected, even though it predicted strong sales for its AI processors.Nvidia, whose stock had gone up 27% in January after tripling last year due to AI enthusiasm, saw its stock price drop by more than 2%.Super Micro Computer, which makes servers and had seen its stock reach a record high after great quarterly results, also saw a drop of over 3%.This big loss in market value for AI companies shows that even though there’s a lot of hope for the future of AI, the path might have some bumps along the way.Investors are watching closely to see if these companies can meet high expectations.Based on our quality standards, we deliver this website’s content transparently. Our goal is to give readers accurate and complete information. Check our News section for latest news. To stay in the loop with our latest posts follow us on Facebook, Twitter and Instagram. Subscribe to our Daily Newsletter to join our growing community and if you wish to share feedback or have any inquiries, please feel free to Contact Us. If you want to know more about us, check out our Disclaimer, and Editorial Policy.Your email address will not be published. Required fields are marked * Artificial intelligence (AI) is quickly changing the job market, which means challenges and chances exist. The World Economic Forum’s 2023 “Future of Jobs” poll found that over 60% of companies…
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