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Big Tech Is Spending Big on AI
In October, the stock prices of the three technology giants fluctuated more than bitcoin.
According to Forbes, the data shows that the volatility of some major technology stocks has exceeded bitcoin, with Tesla's stocks topping the list with a 24% price fluctuation, followed by AMD at 16% and nvidia at 12%, all exceeding the 11% range of bitcoin's volatility.
Investing 200 billion this year and planning to increase investment next year! The third quarter report reveals the big bets made by the four giants in Silicon Valley on AI.
Microsoft, Meta, Google, and Amazon are expected to reach a record-breaking total capital expenditure of over $200 billion this year, with executives warning of even higher spending next year. They are all trying to convince Wall Street that these massive investments will make their future business more profitable than their current business of selling digital ads, commodities, and software.
Amazon's performance 'exploded', stock price soared! Bezos plans to cash out over 3 billion US dollars.
Just as amazon's performance 'explodes', the stock price soars, amazon's founder Bezos plans to reduce his shareholding to cash in. On Friday local time, a regulatory filing showed that Bezos plans to sell approximately 16.35 million shares of amazon stocks, expecting to cash in over $3 billion. After post-market trading on that day, amazon dropped by 0.44%.
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