Alphabet Shares Surge After Stellar Cloud Earnings While Meta Faces Skepticism Over AI Spending

Alphabet recorded a significant revenue surge to $110 billion alongside a 63% jump in cloud business, driving its stock to outperform the broader tech market.Meta increased its capital expenditure guidance for artificial intelligence infrastructure to $145 billion, though investors expressed skepticism regarding the long-term profitability of these massive outlays.The divergence between the two firms highlights a growing divide between cloud-integrated tech giants and social media companies struggling to monetize AI investments.
Published:8h |Updated:7h
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