AI Is Starting to Hurt Earnings, and It Could Get Worse
Briefly

AMD's disappointing outlook prompted a 9% drop in shares, indicating that investors expect remarkable growth in AI revenue amid an otherwise lackluster quarterly performance.
Microsoft, despite a 16% revenue increase, saw its shares decline nearly 4% after CFO Amy Hood warned of potential revenue hits from OpenAI, indicating investor concerns.
Read at 24/7 Wall St.
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