Reported about 9 hours ago
Three major U.S. tech companies—Alphabet, Microsoft, and Meta—announced plans for increased capital expenditures in AI and data centers. However, while all firms saw a rise in revenue, investors reacted positively to Alphabet's strong cash flow management, boosting its shares by 7.3%, in contrast to declines for Microsoft and Meta. Analysts noted Alphabet's ability to fund investments sustainably sets it apart, making investors more comfortable even amidst rising AI spending concerns.
Source: YAHOO