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Cyber stocks rally on AI spending change comments from IBM’s Krishna

Okta and Crowtstrike. Jonathan Raa | Nikolas Kokovlis | Nurphoto | Getty Images Cybersecurity stocks jumped on Tuesday after IBM CEO Arvind Krishna flagged cyber fears as a top priority for customers in the company’s preliminary second-quarter results. During the period, Krishna said customers shifted spending to servers and memory and that “rapidly-evolving, industry-wide cybersecurity...
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Soaring AI spend will hit company earnings

Tech investor Chamath Palihapitiya on Tuesday said artificial intelligence usage could negatively impact some companies’ earnings, in part because C-suite executives will have to contend with spending that they “didn’t know existed inside of their organization.” “CEOs and the CFOs, in my opinion, probably have no idea how much tokenmaxxing is going on inside of...
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