Reported about 14 hours ago
Meta Platforms, Microsoft, and Alphabet have announced significant increases in their capital expenditures focused on artificial intelligence following their latest earnings reports. With Meta raising its capex forecast to between $70 billion and $72 billion, investors are concerned about the implications of such heavy spending. Microsoft also plans to escalate its investments towards AI infrastructure and data centers. Meanwhile, Alphabet's performance remains strong, buoyed by its successful Google Cloud platform. As these tech giants expand their AI capabilities, the market watches closely for the outcomes of this aggressive spending strategy.
Source: YAHOO