Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain

- Market values of major tech firms declined in August amid concerns over escalating artificial intelligence infrastructure costs and rising recession risks that would make the stocks particularly vulnerable during a market correction.

Meanwhile, Nvidia's market value fell in the last week of August by 7.7% to $2.92 trillion, after it projected third-quarter gross margins below market estimates and reported revenues that only met expectations, disappointing investors who were expecting a stronger performance. Berkshire Hathaway's market value closed above $1 trillion for the first time at the end of August, reflecting investor confidence in the conglomerate that Warren Buffett built over nearly six decades into what many consider a proxy for the U.S. economy.

“Aviation Analytics Market” from 2024-2034 with covered segments By Business Function , By Application , By End User , and By Regional Forecast, , which provides the perfect mix of market strategies, and industrial expertise with new cu

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Eli Lilly earnings, Fed, MicroStrategy split: What to WatchPharmaceutical giant Eli Lilly (LLY) is among the top companies scheduled to report earnings results on Thursday, August 8, alongside Paramount Global (PARA,...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Eli Lilly stock surges on Q2 earnings beat, revenue outlookShares of Eli Lilly (LLY) are jumping in early trading. The drugmaker reported second quarter results that handily beat Street estimates. The company also...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Excitement grows around Eli Lilly's GLP-1 drugs in Q2 earningsShares of Eli Lilly (LLY) are jumping after the company posted second quarter earnings results, beating expectations on both the top and bottom lines. The...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »