Meta’s record sales boost shares 10% despite massive spending plans
Strong earnings appear to quiet demands from Wall Street to justify up to $135bn in capital expenditures
Strong earnings appear to quiet demands from Wall Street to justify up to $135bn in capital expenditures

Troubled chipmaker says recent investments have strengthened its finances

Shares of Facebook parent tumble as it increases capital expenditure while Microsoft cloud growth disappoints

Sell-off may be overdone, but companies need to move faster to respond to AI

Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets

New revenue lines, debt partnerships and further fundraising targeted to cover enormous costs

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