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Oracle's OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries

Oracle's OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries

By Aditya Soni Dec 9 (Reuters) - Months after Oracle's $400 billion-plus contract backlog ignited a stock-market frenzy, the enthusiasm has given way to doubts about its reliance on OpenAI and debt-fueled datacenter buildout, which will dominate its earnings on Wednesday.
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GameStop quarterly revenue misses estimates amid struggles with digital pivot

GameStop quarterly revenue misses estimates amid struggles with digital pivot

Dec 9 (Reuters) - GameStop posted third-quarter revenue below analysts' estimates on Tuesday, as the video game retailer struggles to gain ground following its pivot to digital downloads and streaming, sending its shares down 5.8% in after-hours trading.
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Amazon announces $35 billion investment in India

Amazon announces $35 billion investment in India

Dec 10 (Reuters) - Amazon plans to invest more than $35 billion in India by 2030 to expand operations and strengthen its artificial intelligence capabilities, the U.S. e-commerce giant said on Wednesday, becoming the latest global tech firm to deepen its presence in the world's most populous country
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Aware Super CIO warns of 'orange' lights in AI financing as valuations soar

Aware Super CIO warns of 'orange' lights in AI financing as valuations soar

By Scott Murdoch SYDNEY, Dec 9 (Reuters) - The chief investment officer of Australian pension fund Aware Super says there are flashing "orange" lights in some funding arrangements in the global artificial intelligence industry but earnings growth is backing up the sector's current valuations.
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Nebius Group N.V. Faces Volatility Amid AI Infrastructure Deals and Valuation Concerns

Nebius Group N.V. Faces Volatility Amid AI Infrastructure Deals and Valuation Concerns

Nebius Group N.V. Faces Volatility Amid AI Infrastructure Deals and Valuation Concerns
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Intel's Earnings Beat Expectations Amidst Valuation Concerns

Intel's Earnings Beat Expectations Amidst Valuation Concerns

Intel's Earnings Beat Expectations Amidst Valuation Concerns
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Microsoft to invest more than $5.4 billion in Canada to boost AI infrastructure

Microsoft to invest more than $5.4 billion in Canada to boost AI infrastructure

Dec 9 (Reuters) - Microsoft said on Tuesday it was investing more than C$7.5 billion ($5.42 billion) in Canada over the next two years, its latest in a series of investments in artificial intelligence infrastructure globally.
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Ray-Ban Meta glasses take off but face privacy and competition test

Ray-Ban Meta glasses take off but face privacy and competition test

By Elisa Anzolin and Gianluca Lo Nostro MILAN, Dec 9 (Reuters) - EssilorLuxottica is betting big on smart eyewear and the gamble is about to be tested.
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Wall Street treads water ahead of the Federal Reserve's coming decision

Wall Street treads water ahead of the Federal Reserve's coming decision

U.S. stocks are holding relatively steady
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Nebius Group Faces Volatility Amid AI Infrastructure Expansion

Nebius Group Faces Volatility Amid AI Infrastructure Expansion

Nebius Group Faces Volatility Amid AI Infrastructure Expansion
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Oppenheimer sets Street-high 8,100 S&P 500 target for 2026

Oppenheimer sets Street-high 8,100 S&P 500 target for 2026

Dec 8 (Reuters) - Oppenheimer Asset Management on Monday set a year-end 2026 target of 8,100 for the S&P 500 index, the most bullish forecast among major Wall Street brokerages, citing expectations of strong corporate earnings and continued resilience in the U.S. economy.
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World shares are mixed after Wall Street pulls back from its record heights

World shares are mixed after Wall Street pulls back from its record heights

European markets are mixed and Asian shares retreated after U.S. stocks pulled away from their record heights