Reported about 15 hours ago
In the aftermath of third-quarter earnings reports, shares of major AI-investing companies saw varied reactions. Alphabet's stock soared by 6.2% due to strong revenue growth in advertising and cloud services, prompting an increase in its capital expenditure forecast. Conversely, Microsoft shares fell 3.4%, despite strong growth in its cloud business, while Meta's stock plummeted over 8% following a significant one-time charge linked to tax issues. The overall market is reflective of the mixed sentiments concerning AI investments, suggesting both rising opportunities and persistent challenges.
Source: YAHOO