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Metamorphosis, tech gets its mojo back

By Economic Times - 9 months ago
Last week, US technology stocks, led by Meta Platforms and Amazon, soared with impressive quarterly results and dividend announcements. Big Tech's restructuring efforts and focus on generative AI have fueled investor interest, despite mixed December quarter results. Meta's hefty investments in AI and the metaverse, along with other tech giants' AI plans, have reshaped market sentiment. Wall Street's AI enthusiasm persists, despite performance and cost warnings, reflecting Elon Musk's characterization of the market as "crazy times."

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