Adam Turnquist
As US chip darlings struggle, some bet on software as next big AI play
Chip stocks were the biggest beneficiaries of last year’s artificial intelligence investment craze, but they have stumbled so far this year.
AI
Microsoft, Meta back big AI spending despite DeepSeek’s low costs
Days after DeepSeek’s breakthrough low-cost AI computing shook the technology industry, CEOs of Microsoft and Meta defended massive spending saying it was crucial to staying competitive in the new field.
ad revenue
Disney’s surprise streaming entertainment profit offset by weaker TV business
Disney’s surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office.
Best Buy
US retailers stuck with excess stock offer bargains as holiday season nears
As the holiday shopping season approaches, major U.S. retailers from Dollar General to Walmart and Macy’s could be saddled with too much stock.