Big Tech’s AI spending rattles markets
Amazon and big tech peers Microsoft and Google saw their stock prices fall on concerns over high AI investment costs. They are investing heavily in AI data centers while meaningful returns remain uncertain.
TAQA H1 net income $1bn
The group's revenue reached $7.73 billion.
ADNOC L&S H1 net profit $420m
The company’s revenue reached $2.43bn
SEC H1 net profit $1.67bn
Revenue grew by 24% to $7.38 billion.
DEWA profit after tax $789m
It will pay $843m in H1 dividend.
IHC H1 net profit $2.94 billion
The company posted 31% increase in revenue.
