Feb 23, 2025 · QQQ/SPY Market Review · 8 headlines
U.S. markets were closed, leaving QQQ and SPY unchanged at Friday's regular close. Alibaba announced a 380 billion yuan ($53 billion) investment in cloud and AI infrastructure. Nvidia reportedly booked more than 70% of TSMC's advanced packaging capacity this year as shipment volumes rose more than 20% quarter-on-quarter, while Microsoft CEO Satya Nadella said generative AI had yet to show a material economic impact. Chicago Fed President Austan Goolsbee downplayed higher consumer inflation expectations, and Berkshire disclosed increased investments in 5 Japanese companies.
Published
Alibaba announced 380 billion yuan ($53 billion) of cloud and AI infrastructure investment, while Nvidia reportedly secured more than 70% of TSMC's advanced packaging capacity this year and shipment volumes rose more than 20% quarter-on-quarter.
Microsoft CEO Satya Nadella said generative AI had yet to show a material economic impact, while Chicago Fed President Austan Goolsbee downplayed a rise in consumers' inflation expectations.
Warren Buffett said in Berkshire's shareholder letter that the company was increasing investments in 5 Japanese companies.
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