The S&P 500 and Nasdaq 100 both closed down 0.1% on Friday, just below their record highs, while the Dow edged up slightly. Markets were assessing the latest economic data and the sustainability of the AI-driven rally this year. Apple fell 0.4% amid withholding AI software upgrades in the EU due to regulatory concerns.
It strikes me that the risk of this massive investment is that the returns may not be as dramatic as currently believed. historically, Microsoft and Google were asset-light firms, a key feature to their performance. but investing $181 billion doesn't feel that asset-light which may mean a different future path for earnings during a slowdown.
It strikes me that the risk of this massive investment is that the returns may not be as dramatic as currently believed. historically, Microsoft and Google were asset-light firms, a key feature to their performance. but investing $181 billion doesn't feel that asset-light which may mean a different future path for earnings during a slowdown.