WS #12637
Reddit (RDDT) loses $3.2B market cap after reports it is cutting off Google's access to its content for AI training. OpenAI increases cloud spending plan to $750B through 2030, lifting AI cloud services stocks. Morgan Stanley downgrades Adobe (ADBE) to Underweight, negative for the stock.
Reddit Plunge on Google AI Access Cut
Reddit (RDDT) loses $3.2B market cap after reports it is cutting off Google's access to its content for AI training.
OpenAI increases cloud spending plan to $750B through 2030, lifting AI cloud services stocks.
Morgan Stanley downgrades Adobe (ADBE) to Underweight, negative for the stock.