Biden to unveil $3.3 billion Microsoft AI investment in battleground Wisconsin
By Andrea Shalal WASHINGTON (Reuters) – President Joe Biden will visit the political battleground state of Wisconsin on Wednesday to announce plans by Microsoft Corp to build a $3.3 billion high-tech data center that will create thousands of jobs, the White House said. The Microsoft facility in Racine County, in southeastern Wisconsin, will be built
Stock-market investors fear a megacap meltdown. Here’s what history says.
Investors spent 2023 fretting about the sustainability of a stock-market rally largely driven by a handful of megacap tech stocks. Those worries remain in place as the S&P 500 has returned to record territory in the new year. “With the usual set of select megacap stocks pacing early 2024 performance, concentration-risk worries have been getting