Microsoft, Meta back big AI spending despite DeepSeek's low costs
Microsoft has earmarked $80 billion for AI in its current fiscal year, while Meta has pledged as much as $65 billion ...
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Stock market today: Meta climbs and Microsoft falls as most stocks rise on Wall Street
Meta Platforms and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the country’s ...
US stocks rise as gains in Meta, Tesla offset Microsoft slump
The S&P 500 and the Nasdaq opened higher on Thursday, driven by post-earnings gains in Meta and Tesla, while Microsoft's lackluster cloud forecast and downbeat results from Cigna tempered overall ...
Microsoft's cloud outlook knocks shares, Meta rises on AI payoff signs
The Windows maker missed market estimates for quarterly revenue growth at Azure and gave a third-quarter forecast for the business that was below expectations ...
Stocks turn lower as early gains fade
U.S. stocks were erasing early gains in recent trading, with the S&P 500 joining the Nasdaq Composite in the red. As investors responded to the latest earnings and economic reports, Nvidia Corp. has ...
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Microsoft, Meta vow to keep AI spending plans
Tech giants Microsoft and Meta vow to keep up with AI spending plans but is this feasible for the fast-growing sector? Head of citizens JMP Mark Lehmann explain ...