The Week in Numbers: Tech Triumphs and Economic Concerns

Record-Breaking Gains and AI Investment Woes

The world of Big Tech made headlines this week with a staggering $330 billion surge in value for Nvidia, setting a Wall Street record. This surge came as firms like Microsoft continued to invest heavily in AI, but the Windows maker's shares didn't fare as well. Concerns over when these substantial investments will yield returns have caused some unease, particularly with Microsoft's stock performance. Meanwhile, Intel, seen as trailing in the AI race, is facing its own set of challenges, with approximately 15% of jobs going, contributing to a 40%+ drop in its shares this year. Are these investments in AI the right move, or are they setting the stage for a larger fallback?

Mercedes cuts profit outlook, adding to bad week for automakers | REUTERS

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