Reported 27 days ago
Investors are increasingly anxious about the substantial spending on AI by Microsoft and Meta as they await their earnings reports. Microsoft has invested approximately $14.6 billion, a 45% increase year-over-year, while Meta's spending has surged nearly 70% to $11 billion. Analysts are looking for signs that these investments are translating into revenue and profit growth, especially for Microsoft, which is facing challenges with its Azure service. In contrast, Meta's stock has risen significantly this year, but it still faces pressure to demonstrate the value of its AI investments.
Source: YAHOO