Meta, Microsoft and AI
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Microsoft, Wall Street and Meta
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Earnings fell significantly below Wall Street’s expectations, though Meta said it would have exceeded projections before the tax charge.
Microsoft (MSFT), and Alphabet (GOOG, GOOGL) reported earnings results on Wednesday, to be followed by Amazon (AMZN) and Apple (AAPL) on Thursday after the closing bell. Yahoo Finance Executive Editor Brian Sozzi and Yahoo Finance Technology Editor Dan Howley join Morning Brief host Julie Hyman to discuss Microsoft's earnings call,
Microsoft, Google, and Meta are pouring billions into AI data centers and cloud systems. Analysts warn of a growing AI bubble as spending soars.
Alphabet was a bright light among the Magnificent 7 stocks today after the Google parent's quarterly revenue topped $100 billion for the first time.
U.S. Federal Reserve Chairman Jerome Powell bifurcated the stock market yesterday when he delivered a 0.25% rate cut that the market was expecting and then, unexpectedly, said he did not believe that the AI sector was in a bubble akin to the dotcom boom of 2000.
President Donald Trump’s effort to build a big ballroom for the White House has made waves — and attracted donations from more than a dozen publicly traded companies.
Stocks traded mostly to the downside Thursday with shares of companies in the tech sector leading declines as Meta Platforms and Microsoft fell following the release of their quarterly earnings.These stocks were moving Thursday:Meta Platforms missed analysts’ third-quarter earnings expectations and the stock declined 10%.