Friday, November 8, 2024

Google, Amazon, Meta see estimates trimmed at Barclays on ‘not-so-hidden’ AI costs

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Barclays Capital has trimmed estimates for Alphabet’s (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN) and Meta Platforms (NASDAQ:META) on increased depreciation expense, amid the costs related to AI.

Analysts led by Ross Sandler noted that the street is mis-modeling the not-so-hidden cost of AI, to the

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