Despite reporting earnings that surpassed estimates, the tech giants face scrutiny over AI investment, leading to a drop in ...
Meta and Microsoft stocks tumbled Thursday as investors weighed their hefty AI expenditures against the time it will take to ...
First, the positives: Both Alphabet and Microsoft showed an acceleration in their cloud-related revenue, as you can see below. While Meta's AI-powered advertising-heavy revenue growth decelerated from ...
Sharply rising capital investments show no sign of slowing as the latest reports fail to excite investors.
The Dow Jones Industrial Average fell more than 250 points Thursday mid-morning, alongside sharp Nasdaq and S&P 500 declines, ...
Drops for Big Tech companies including Microsoft and Facebook's parent company Meta Platforms led Wall Street lower ...
World stock indexes dropped on Thursday, with the Nasdaq ending more than 2% lower after Meta Platforms and Microsoft warned ...
Big tech including Microsoft and Meta are stepping up spending to build out AI data centers in a rush to meet vast demand, ...
Tech shares dropped on Thursday, led by mega-cap titans Microsoft and Meta. Investors were bracing for Amazon and Apple ...
Microsoft chief executive Satya Nadella announced in a blog post that Meta’s former head of engineering, Jay Parikh, would be ...
Wall Street futures fell sharply on Thursday, as warnings from Meta Platforms and Microsoft about rising artificial intelligence-related costs dampened optimism around megacaps, which have been the ...
Wall Street is feeling the downside of high expectations on Thursday, as Microsoft and Meta Platforms help drag U.S. stock indexes lower despite delivering strong profits for the summer.