Symbolic imageAI spending splits Big Tech results: Meta falls, Microsoft jumps
Meta's stock fell almost 8% after results missed forecasts and net profit declined, while Mark Zuckerberg said he will keep investing "aggressively" in AI infrastructure and announced entries into new business fields. Microsoft reported a 31% rise in profit with Azure cloud sales above 100 billion dollars and disclosed more than 130 billion dollars in new data-centre leases, as the Nasdaq 100 flirted with correction territory and investors questioned the scale of AI spending.
United StatesMeta Platforms, Inc.Microsoft Corporation
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