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What We Learned From Big Tech Earnings Last Week

Key Takeaways

  • Artificial intelligence was in the spotlight in Meta Platforms, Google parent company Alphabet, and Microsoft earnings reports, but investors were difficult to please despite the companies’ earnings beats.
  • All three tech giants planned to ramp up AI-related capital expenditures, but Meta shares tumbled as its AI spending raised near-term concerns.
  • Meta pointed to the early success it has seen in integrating AI tech into its recommendation engine, but investors seemed to want more clarity on how the AI investments could translate to advertising revenue.
  • Microsoft and Alphabet reported earnings beats supported by their cloud segments as the companies leverage AI in improving their existing cloud platforms for enterprise customers.

Artificial intelligence (AI) was in focus as Meta Platforms (META), Google-parent Alphabet (GOOGL), and Microsoft (MSFT) reported earnings this…

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