The sharp drop is the latest sign of anxiety creeping through Wall Street over how long it will take AI companies to see returns on massive investments.
  • plenipotentprotogod@lemmy.worldEnglish
    47·
    8 hours ago

    I know the article is about google, but the bit about caterpillar is insane.

    The bleeding even spread beyond the tech sector, as shares of the construction equipment giant Caterpillar — a key supplier of the machines required to build data centers — plunged 9.2% on Thursday. Caterpillar’s recent earnings report revealed that its revenue beat Wall Street expectations but by less than many traders had hoped.

    So, their earnings beat expectations, but they didn’t beat the expectations for how much they’d beat expectations, so the share price went down.

    What is even going on at this point?

    • TankovayaDiviziya@lemmy.worldEnglish
      1·
      2 hours ago

      So, their earnings beat expectations, but they didn’t beat the expectations for how much they’d beat expectations, so the share price went down.

      That’s why I always say that big shot, institutional investors are a bunch of cunts. They always think in short term. That’s why I am in favour of half year earnings report so that there is less pressure for companies to think in three months time.

    • Captainvaqina@sh.itjust.worksEnglish
      21·
      8 hours ago

      Mass manipulation. I wish I were smart enough and had enough to bribe the right people to be in on the looting.

  • CAPSLOCKED@lemmy.worldEnglish
    15·
    7 hours ago

    anyone notice their search engine enshittify with dates? an advance search let you search between points in time, like between 2010 and 2012 specifically. you can’t do that anymore. other search parameters are gone. along with renaming lake ontario it’s the equivalent of history book burning.

    • GreenKnight23@lemmy.worldEnglish
      3·
      6 hours ago

      they did away with that around the same time they removed it from YouTube. probably because they knew people weren’t going to read/watch AI generated bullshit.

      jokes on them, I still found ways to search YouTube between dates.

  • schipelblorp@sh.itjust.worksEnglish
    62·
    12 hours ago

    But all that AI is coming at a massive cost to Alphabet, which disclosed that it has committed to more than $1 trillion worth of multiyear spending agreements to fund the infrastructure, energy and leases required to run AI systems.

    This is the problem right here: lack of faith. Google should announce $3 trillion in new AI commitments. Stock market are just a bunch of pussies that can’t clap hard enough for Tinker Bell to live.

    • Guy Dudeman@lemmy.worldEnglish
      20·
      9 hours ago

      Did you see the part where their revenue was down because fewer ads were being served because people are using their stupid AI summaries instead of searches? God, these people are short-sighted.