Tag: Rightmove
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Rightmove Slumps as AI Ambitions Spark Investor Fears
Market jitters hit Rightmove as AI investments loom Shares in Rightmove PLC fell sharply, with the online property portal sliding after signaling plans to invest heavily in artificial intelligence to maintain a competitive edge. The disclosures, viewed by investors as a potential turning point for the business, prompted a re-evaluation of how much the company…
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Rightmove Falls Over AI Fear: Investors Wipe £1bn+ as Race Heats Up
Rightmove’s AI Bet Sparks Sharp Stock Pullback Rightmove, the dominant online property portal in the UK, faced a dramatic market reaction after outlining plans to invest heavily in artificial intelligence. The stock tumbled as much as 27.6% to the FTSE 100’s lower reaches, wiping more than £1bn in market value and unsettling investors who weigh…
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Rightmove Slumps as £1bn Wiped Out Over AI Investment Fears
Overview: A Market Spark That Shook the FTSE 100 The UK’s largest online property portal, Rightmove, found itself at the center of a market sell-off after it signaled a bold and costly leap into artificial intelligence. Investors reacted with trepidation as the company warned that its heavy investment in AI would weigh on near-term profits,…