Microsoft, Meta, and Google just announced billions more in AI spending. Only Google convinced investors it’s paying off
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Alphabet, Meta Platforms, and Microsoft just broke the news to investors that they’ll be spending billions more on the AI race. But only some investors saw red in response.
Meta’s stock dropped more than 6% after hours, while Microsoft was essentially flat. Conversely, the share price of Google parent Alphabet rose almost 7% in after-hours trading.
Investors have been on tenterhooks about capital expenditures among the big tech firms, with recent estimates showing combined capex related
Meta’s stock dropped more than 6% after hours, while Microsoft was essentially flat. Conversely, the share price of Google parent Alphabet rose almost 7% in after-hours trading.
Investors have been on tenterhooks about capital expenditures among the big tech firms, with recent estimates showing combined capex related
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