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After Alphabet Inc.'s disappointing earnings report, US stock index futures declined in early Asian trading, which once again raised market concerns about companies investing billions of dollars in artificial intelligence. Due to Alphabet's poor sales performance, the company's stock price plummeted 10% in after-hours trading. Affected by this, Nasdaq 100 futures fell 0.8% and S&P 500 futures fell 0.3%. Asian stock index futures show that before Samsung Electronics, the chip industry's weather vane, released key financial reports, the market opening sentiment was more cautious. Jamie Hannah, Deputy Head of Investment and Capital Markets at Van Eck Associates Corp. in Sydney, said, “Alphabet's stock price fell 10% after the release of the quarterly earnings report, which dragged down US stock index futures. Although financial reports confirm that the AI boom has brought revenue, it also highlights the disruptive nature of the technology to traditional profit models. Today, Alphabet is the weather vane for this trend.” However, sentiment remains strong in other markets. Microsoft's stock price rose 2.8% after the market due to steady cloud business sales; Oracle's stock price also soared 11% after publishing a long-term outlook on free cash flow.
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After Alphabet Inc.'s disappointing earnings report, US stock index futures declined in early Asian trading, which once again raised market concerns about companies investing billions of dollars in artificial intelligence. Due to Alphabet's poor sales performance, the company's stock price plummeted 10% in after-hours trading. Affected by this, Nasdaq 100 futures fell 0.8% and S&P 500 futures fell 0.3%. Asian stock index futures show that before Samsung Electronics, the chip industry's weather vane, released key financial reports, the market opening sentiment was more cautious. Jamie Hannah, Deputy Head of Investment and Capital Markets at Van Eck Associates Corp. in Sydney, said, “Alphabet's stock price fell 10% after the release of the quarterly earnings report, which dragged down US stock index futures. Although financial reports confirm that the AI boom has brought revenue, it also highlights the disruptive nature of the technology to traditional profit models. Today, Alphabet is the weather vane for this trend.” However, sentiment remains strong in other markets. Microsoft's stock price rose 2.8% after the market due to steady cloud business sales; Oracle's stock price also soared 11% after publishing a long-term outlook on free cash flow.
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