"You should expect to see a very significant increase in capital expenditures, but I think well justified for a substantially increased future revenue stream."
"ServiceNow dropped even more, 17.9%, even though its results for the latest quarter matched analysts' expectations."
"Texas Instruments helped offset those losses after breezing past analysts' expectations for profit in the latest quarter."
The U.S. stock market is experiencing a decline, with the S&P 500 down 0.7% and the Dow Jones Industrial Average down 0.8%. Tesla's stock fell 3.4% despite better-than-expected quarterly results, as investors reacted to increased spending forecasts. ServiceNow dropped 17.9% due to concerns over competition from AI-powered rivals. Conversely, Texas Instruments saw a 19% increase in stock value after surpassing profit expectations, driven by growth in industrial and data center sectors. Oil prices are rising amid uncertainty regarding the situation in the Strait of Hormuz.
Read at Fortune
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