Microsoft faces double downgrade as AI optimism cools

Microsoft faces double downgrade as AI optimism cools

Wall Street’s sentiment toward Microsoft is shifting as analysts express growing concern over the disruptive potential of artificial intelligence. In less than a week, the tech giant has been downgraded twice, with Melius Research moving the stock from Hold from Buy on Monday. Read: Pony AI and Toyota launch mass production of driverless bZ4X robotaxis…

Read More
Profit-taking cools Bitcoin rally | ITWeb

Profit-taking cools Bitcoin rally | ITWeb

Bitcoin is being accepted as a mainstream currency. Bitcoin’s rally to a fresh all-time high of more than $120 000 (or over R2 million at current exchange rates) has triggered a wave of profit-taking, sending the crypto-currency down 2.35% in early Tuesday trade. Despite the dip, analysts and major investment houses remain confident the bullish…

Read More