First, the positives: Both Alphabet and Microsoft showed an acceleration in their cloud-related revenue, as you can see below. While Meta's AI-powered advertising-heavy revenue growth decelerated ...
Wall Street is feeling the downside of high expectations on Thursday, as Microsoft and Meta Platforms help drag U.S. stock indexes lower despite delivering strong profits for the summer.
On Wednesday, Meta and Microsoft reported substantial increases in capital expenditures, largely due to growing investments in AI infrastructure. But ...
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