Q3 Earnings: AI Boom Boosts Tech Giants

Corporate earnings season delivers positive results, with 91% of S&P 500 companies reporting a 13.1% jump in earnings per share. Tech giants like Palantir and AMD, alongside Uber and Airbnb, have reported, with Cisco Systems stock surging 6% after raising forecasts. McGraw Hills stock soared 22% on better-than-expected earnings. Paramount Skydance and Occidental Petroleum also reported, with Paramount Plus price hike plans and Occidentals falling profits. AI remains a major growth driver.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.