Browsing: drops

Morgan Stanley says the artificial-intelligence boom is entering a more capital-intensive phase, raising a new question for investors inMicrosoftMSFT, AlphabetGOOGL, AmazonAMZN, Meta PlatformsMETAand the companies supplying their infrastructure: not whether AI spending will continue, but how increasingly enormous investment plans will be financed

The S&P 500’s powerful rally may look expensive, but Fidelity’s Jurrien Timmer says it carries a crucial difference from the dot-com boom: corporate earnings, rather than expanding valuations, are doing the heavy lifting. That distinction matters for investors worried that today’s market is simply repeating 1999, though elevated valuations still leave stocks vulnerable if profit…