Sharply rising capital investments show no sign of slowing as the latest reports fail to excite investors.
Investors are fretting about how long the AI boom can last after the Big Tech companies forecast that their capital spending will carry on rising.
A surprise fall in the active user base of Facebook and Instagram owner Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) took the gloss off an otherwise solid set of quarterly numbers, wiping arou
Frankfurt-listed shares in Microsoft and Meta both fell in early trading on Thursday, even as earnings at the two U.S. tech groups beat Wall Street expectations.
Big tech including Microsoft and Meta are stepping up spending to build out AI data centers in a rush to meet vast demand, but Wall Street is hungry for a quicker payday on the billions invested.
The old saying is you've got to spend money to make money. For Meta, notching a third quarter earnings report with record revenues, the fact remains that the long-term artificial intelligence (AI) roa
Meta Platforms, Inc. (NASDAQ:META ) Q3 2024 Earnings Call Transcript October 30, 2024 5:00 PM ET Company Participants Kenneth Dorell - Director of IR Mark Zuckerberg - Founder, Chairman and Chief Exec
Zuckerberg said that he is going to keep building out Meta's infrastructure and data centers, because the opportunity is so huge, even if investors don't like it.
Meta Platforms (META) CEO Mark Zuckerberg said in Wednesday's earnings call that more spending on artificial intelligence (AI) products and infrastructure "is maybe not what investors want to hear in
Meta has been so quick to build out its massive data center and computing infrastructure for AI that even CEO Mark Zuckerberg is a bit surprised. Meta raised the low end of its capital expenditures gu

Markets Give Back Gains as Hovering Continues

07:41pm, Wednesday, 30'th Oct 2024
As we've stated in this space previously, the big news the market is waiting for is not here yet.
While the top- and bottom-line numbers for Meta Platforms (META) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metric

Meta Platforms Q3: Massive Earnings Beat

06:43pm, Wednesday, 30'th Oct 2024
Meta Platforms, Inc. reported a double beat, the seventh in a row. Meta Platforms keeps growing its margins, resulting in outsized earnings growth. Meta's valuation is not very high, considering its g
Meta's earnings come after encouraging results from digital ad bellwethers Alphabet and Snap.
Meta Platforms (META) came out with quarterly earnings of $6.03 per share, beating the Zacks Consensus Estimate of $5.19 per share. This compares to earnings of $4.39 per share a year ago.
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