Tech results live: Meta hit by huge AI spending while Alphabet rallies on record revenue
Shares of Facebook parent tumble as it increases capital expenditure while Microsoft cloud growth disappoints
Shares of Facebook parent tumble as it increases capital expenditure while Microsoft cloud growth disappoints

Meta stock drops on capex increase while Alphabet’s cloud business grows faster than rivals Amazon and Microsoft

Alphabet, Meta and Microsoft divide the market over whether they can translate huge capital expenditure into income

Investors scrutinise AI spending plans from companies that represent almost one-fifth of the S&P 500’s market cap

Stellar results from Alphabet, Microsoft and Meta cannot yet be attributed to the technology’s usefulness

Meta shares jump 12% on back of blockbuster earnings

Earnings hint at growth trajectory despite increases in capital spending