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Stock impact report

Big Banks Up, Speculative AI Down in Hump Day Markets [Yahoo! Finance]

Electronic Arts Inc. (EA) 
Last electronic arts inc. earnings: 1/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ea.com
Company Research Source: Yahoo! Finance
It was another mixed day in the market indexes today, with the shadow of an AI overspend hanging over the tech sector. Massive capital expenditures in AI infrastructure are making it hard to see how the math works, so instead of dragging the Nasdaq and S&P 500 to new all-time closing highs, they wound down -0.25% and -0.29%, respectively, for the session. The outlier here would undoubtedly be AMD AMD, which gained another +9% today. Yesterday, CEO Lisa Su said the chipmaking major expected to grow revenues +35% each year for the next three to five years, tamping down on the general fears of overspending in the AI space. Even still, so far more than $380 billion has been spent so far to build out AI infrastructure. The more speculative plays in the AI space, such as the quantum computers like D-Wave QBTS and IonQ IONQ, down -8.9% and -6.8% today, respectively. They were somewhat feeling the gravitational pull from Rigetti Computing RGTI, which is down -9.9% for the session followi Show less Read more
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