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Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
Ford (NYSE:F) CEO Jim Farley said he expects EV demand to slide following the end of certain federal tax credits this week.
Farley said he “wouldn’t be
Quick Insights
Ford’s CEO expects U.S. EV market share to potentially drop from 10-12% to 5% due to the end of certain federal tax credits, indicating a likely decrease in demand.
With $1.1 billion in new funding, Cerebras aims to accelerate technology development and expand capacity, positioning itself as a potential significant competitor to Nvidia.
Citigroup increased its estimate, now expecting more than $2.8 trillion in AI infrastructure spending by 2029 and higher near-term AI CapEx from hyperscalers like Microsoft, Amazon, and Meta.
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