Shares of Arista Networks Inc.
and Nvidia Corp. were falling in after-hours trading Wednesday after Facebook parent Meta Platforms Inc. delivered a lower initial outlook for 2024 capital expenditures than analysts had been expecting. Arista’s stock was off more than 6% and Nvidia’s was off more than 1%. Meta expects $30 billion to $35 billion in capital spending next year, “with growth driven by investments in servers, including both non-artificial intelligence and AI hardware, and data centers as we ramp up construction on sites with the new data center architecture we announced late last year.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Nvidia extends gains amid reports it’s taking on Intel in PC chip marketAI leader Nvidia is reportedly looking to leverage technology from Arm Holdings to make chips for the PC market in what could be a major challenge to Intel.
Bron: startelegram - 🏆 248. / 63 Lees verder »
Stocks higher on Treasury rebound, Nvidia PC move, Microsoft, General Electric, General Motors earnings -...Stocks higher, Nvidia, Microsoft, General Electric, General Motors
Bron: startelegram - 🏆 248. / 63 Lees verder »