AI spending is the only certainty in Silicon Valley


Next frontier: Servers containing AI chips from Nvidia at a trade event in the United States. Tech companies are still focusing on AI despite the uncertainty caused by US tariffs. — Reuters

Ahead of this quarter’s crop of tech earnings, I predicted companies would be reluctant to offer much in the way of forward guidance given the almost Covid-like upheaval of the global economy thanks to President Donald Trump’s tariffs.

I was half right: There was some guidance – though it arrived with a large asterisk.

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