U.S. technology giants are experiencing significant declines in premarket trading. The substantial costs associated with artificial intelligence development are impacting financials, with Tesla Motors (NASDAQ: TSLA) reporting a steep 57% drop in profit and Alphabet (NASDAQ: GOOGL) seeing its cash flow turn negative.
On July 23, European stock markets opened sharply lower before paring some losses. As of 18:45 Beijing time, Germany's DAX index was down 0.37%, while the UK's FTSE 100 index showed a slight decline after briefly trading in positive territory during the session.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments