To be sure, the reserves had climbed $16.7 billion in the week ended August 27, 2021, but those additions included $12.6 billion worth of one-time Covid restructuring support from the International Monetary Fund (IMF).
Cash takes centre stage as investors rethink AI spending boom
Investors are increasingly focused on technology companies’ cash generation capabilities to fund artificial intelligence investments. Microsoft and Oracle are gaining positive attention from investors, while