Investor expectation from AI has reached sky high. These expectations are hard to meet. Microsoft, Google and AMD are working hard to infuse AI into their products. Still their stocks decline in value.
AMD’s new processors will capture market. Microsoft declares that users are taking to its AI assistants. Google expects to enhance its searches and cloud computing services.
Investors took the shares to dizzy heights since they expected AI to be magical. Results do not satisfy them.
Microsoft, in fact, is doing very well. AI products help drive the adoption of its data center services. Revenue from Azure cloud has shown a 30 per cent jump.
Wall Street wants clarity about what AI will contribute to financial performance. Investors want companies to quantify the AI potential over the next couple of years.
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