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Earnings
Stories curated for Earnings
Tech News
Alphabet's $500 Billion Wipeout: The Day AI Search Came for Google's Cash Machine
Alphabet shares suffered their worst single-day drop on record this week, erasing roughly $500 billion in market value after its own AI search features were shown to be denting the advertising business that funds the entire company. The fallout is the sharpest warning yet that the AI boom's payoff may be slower — and messier — than investors expected.
Semiconductors
Samsung guides Q3 operating profit to 107.4 trillion won on AI memory
Samsung Electronics guided third-quarter operating profit to 107.4 trillion won, about $80 billion, up 782.5% year over year, with revenue seen at 195 trillion won. Detailed results are due October 29.