Market Pulse
Technology and AI — chips, cloud, software and the companies driving the sector.
AI-generated imageBlackstone’s Jon Gray warns that the vast capital needs of AI infrastructure could outstrip lenders’ capacity, raising calls for greater equity involvement.
South Korea will sharply increase 2027 spending on AI and chip industries, targeting a sovereign AI model and aiming for nearly $1 trillion in exports.
Tech shares lead US futures lower ahead of Amazon earnings and key PCE inflation data, following three consecutive days of gains for major indexes.
Microsoft shares rose on strong cloud results, while Alphabet's earnings miss and slow ad growth drove sharp declines across software stocks amid new concerns about AI disruption.
US equity futures pulled back pre-market, led by tech, after the Fed left rates unchanged and Alphabet reported disappointing results.
Hong Kong’s finance chief underscores both the promise and systemic risks of AI investments as global economic impact grows, according to CNN.
Analyst upgrades for Meta and Salesforce spotlight growing AI monetization and enterprise adoption, while hardware and software names including Dell and Adobe face warnings over valuations and new competitive risks.
Bending Spoons, the Milan-based tech acquirer, drew over $900 million in backing from Berkshire Hathaway after a string of deals for discounted SaaS firms. Wall Street is watching.
JPMorgan strategists forecast third-quarter earnings growth expanding beyond AI-related companies, with broader profit growth across US and European sectors. Investors may focus more on fundamentals this earnings season.
Bank of America’s large-scale patching effort, after Anthropic's Mythos exposed software vulnerabilities, highlights the costs of defending against advanced AI risks.
Pope Leo XIV says algorithms “lack the spark of humanity” and that AI cannot be conscious, a view that puts the Vatican at odds with Anthropic, which guides its Claude models with a constitution dubbed the “Soul Doc.”
Meta’s Muse AI agent topped Apple’s U.S. App Store and outpaced ChatGPT’s early downloads as the stock rose nearly 30% from the start of September. Analysts see a turning point for Meta’s AI strategy, but say Muse revenue is unlikely to be material before 2028.
