Technological actions fall due to the expenditure of AI and economic concerns; Eli Lilly and Berkshire Hathaway work well

In August, the main technological companies saw their values ​​of actions fall. This was mainly due to the increase in artificial intelligence costs (AI) and cares about a possible economic recession. These problems have made technological actions more sensitive to market changes.

Alphabet stock falls due to slower growth

Alphabet Inc., Google’s parent company, saw that its value value decreased by 4.7% last month. This fall occurred because YouTube advertising sales became slower than expected, which generated concerns about the future profits of the company. Alphabet also faced a recent antitrust failure and a competence of the new technologies of AI. Operai is working on a new AI search engine that could challenge Google market share.

Amazon and Tesla Face market challenges

Amazon.com Inc. experienced a 4.5% decrease in the value of its action, largely due to the slower growth of online sales. This deceleration reflects broader changes in consumers’ purchase habits.

Tesla Inc. saw its value of shares fall by 7.7% last month. The company’s weakest earnings for the second quarter and concerns about Canada’s plan to impose a 100% rate in Chinese -manufacturing electric vehicles contributed to this fall. The new rate could affect Tesla’s costs, especially since the company began sending electric vehicles from its Shanghai factory to Canada.

Nvidia actions decrease in the midst of AI developments

Nvidia, a AI chips manufacturer, saw its value of shares by 7.7% towards the end of August. The company’s prognosis for lower profits and income than expected disappointed investors. Although Nvidia leads the AI ​​chips market, its recent struggles highlight the difficulties that companies strongly invested in AI face.

Eli Lilly and Berkshire Hathaway work well

In a positive note, Eli Lilly, an important pharmaceutical company, saw a value of its action jump almost 20%. This increase was driven by strong sales and the successful launch of a new weight loss medication that reduces the risk of type 2 diabetes in overweight people.

Berkshire Hathaway, led by the famous investor Warren Buffett, reached a significant milestone by exceeding a market value of $ 1 billion at the end of August. This shows that investors still have confidence in the company, which Buffett has incorporated an important player in the United States economy for almost 60 years.

The platforms show growth despite the challenges

Meta Platforms Inc. also saw increase the value of its action by almost 10% after informing better income than expected for the second quarter. The strong performance of the company came from the high expense in digital ads, which helped balance the costs of its AI investments. This suggests that Meta is handling well despite the challenges in the technological sector.

The technology industry faces difficult times with the increase in the costs of AI and economic concerns. However, companies such as Eli Lilly and Berkshire Hathaway are showing strong performance. Its success highlights the areas of growth and stability, offering some positive news in the midst of the largest challenges in the market.

Also read: Why Nike actions could be a winning investment: key reasons for long -term growth in 2024