Walmex warns on outlook as Q2 profit dips on weak spending

Nokia reported a Q2 profit that exceeded expectations, driven primarily by strong demand for AI technologies. In contrast, Walmex experienced a decline in Q2 profit attributed to weak consumer spending. Consequently, Walmex has issued a warning regarding its future outlook. While Nokia benefits from the growth of AI, Walmex faces challenges due to reduced spending patterns, highlighting divergent financial performances between the telecommunications and retail sectors during the second quarter of the year.