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Markets

AI stocks lose appeal amid heavy spending and slowing earnings growth

The one-month selloff in technology stocks might indicate sector rotations by major funds as the investment cycle shifts. Quarterly earnings reports also suggest a slowdown in growth due to capacity constraints, driven by the surge in AI demand.

Tech News

Apple updates app store developer policies following EU investigation

The tech giant is subject to an EU probe about its compliance plan with the Digital Markets Act.

Business

Global stocks plunge after tech-driven sell-off and US growth fears

The global sell-off on stock markets deepened as US jobless figures hit a three-year high. The unemployment rate rose to 4.3%, up from 4.1% and its highest level since October 2021.

Business

China takes bite out of Apple's earnings as Amazon numbers weaken

The US tech giants Apple and Amazon reported mixed earnings results for the June quarter. While Apple consolidated its position as the world's most valuable company, Amazon disappointed investors with its light guidance.

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Business

Arm shares take a tumble on disappointing hints of flat growth ahead

Arm reported earnings for the June quarter that well surpassed market expectations. However, the firm provided flat guidance for the fiscal year 2025, which caused a sharp sell-off in its shares in after-hours trading.

Business

Why China and Apple Intelligence remain key for tech giant's growth

China remains a critical metric for Apple's earnings, with analysts projecting a 2.6% fall in sales in the country. The world's largest company faces fierce competition from Chinese domestic phone makers, particularly Huawei.

Markets

Microsoft sees shares fall as cyber-attack triggers another outage

Shares slip as the company reports another outage and quarterly earnings report shows a slowdown in growth in core business Azure while capital expenditure rises amid the AI build.

Markets

What Zuckerberg has in store for Meta on big tech earnings week

Meta Platforms is scheduled to report its second-quarter earnings on Wednesday. Analysts expect the company to continue its double-digit growth with key focuses on advertising income and its newly announced AI tool, the Llama 3.1 model.

Tech News

Euronews Digital Summer: 'Avoid repeating GDPR mistakes with AI,' Axel Voss warns EU - Interview

The German MEP, in office since 2009, is known for his involvement in tech issues in the European Parliament. He reflects on his experience and the challenges ahead.

Markets

Weekly markets recap: Losses deepen as risk-off sentiment prevails

Global markets may continue a weekly decline due to the intense selloff in blue chips, particularly in technology shares. However, the European markets showed more resilient movements than their US peers.

Markets

Big tech shares set to waver as Tesla and Alphabet disappoint markets

The two major tech earnings are pressuring Wall Street, with futures pointing to a lower opening on Wednesday. The souring sentiment may ripple through the European markets as LVMH also failed to cheer investors.

Europe Decoded

Euroviews. Enforcement is crucial for EU's tech policy success

The EU and its member states must be prepared to enforce laws firmly, even against powerful tech companies. But regulatory independence is easier said than done, Maria Koomen and Raegan MacDonald write.

Markets

What to expect from Tesla results? Energy storage and AI in focus

Tesla’s revenue for the second quarter may continue declining amid a slowdown in sales. However, the development of robotaxis and energy storage may become the focal point for its market valuation.

Markets

Alphabet earnings: Key metrics focus on Google Cloud and ad revenue

Alphabet is set to report its second-quarter earnings later today, with artificial intelligence (AI), cloud, and advertising revenue remaining key focuses. Wiz walked away from a $23 billion deal with Google hours before the earnings release.

Tech News

Microsoft says EU to blame for the world's worst IT outage

Up to 8.5 million Windows devices were affected by Friday's IT outage after Crowdstrike's antivirus update went awry.

Markets

ASML: When the chips are down, is now a good time to buy?

ASML Holding saw its largest weekly drop since 2002, falling 17%, due to potential US restrictions on chip exports to China. Bank of America views the impact as manageable, suggesting the sell-off may be a buying opportunity.

Europe News

Who’s who in the European Parliament’s new committee roster

From mammoth structures for energy and the environment to smaller ones looking at fish, we take you through the movers and shakers who will determine EU lawmaking in practice.

Markets

ASML shares plunge as geopolitics overshadow strong earnings

The Dutch chip equipment maker, ASML, reported better-than-expected earnings for the second quarter. However, its shares plunged due to stricter US export curbs on exports to China.

Business

'Eurostars': The rise of Europe's answer to the US 'Magnificent 7'

The 'Eurostars', including Novo Nordisk and ASML, have outperformed the US 'Magnificent 7' since 2020, showcasing diverse sector strengths and superior risk-adjusted returns, a recent research shows.

Tech News

Euroviews. Europe can produce its own tech giants — here’s how

The measures that would be needed to enable the EU to produce large-scale digital champions are clear and straightforward. They would benefit not only our digital sector but also pension funds, the insurance sector and future pensioners, J. Scott Marcus writes.