After-hours trading rose nearly 7%! Meta's Q2 report and next quarter's guidance exceeded expectations, and did not increase the annual capital expenditure limit.
However, the company expects that infrastructure costs will become an important driving factor for expenditure growth in 2025. The operating loss of this year's 'MetaVerse' Reality Lab will increase significantly compared to the previous year. AI investment will also significantly increase capital expenditure in 2025. CEO Zuckerberg said that by the end of this year, Meta AI is expected to become the most widely used artificial intelligence assistant in the world.
Snap Stock Is Moving Higher After The Close: What's Going On?
Meta Earnings Call: Better Spending on AI Now, Rather Than Too Late
Harris, Trump's $122M August Ad Blitz Targets 5 Swing States: Which Companies Will Benefit?
Meta Brings the Heat, AMD Restarts Semi Furnace | Wall St Today
Earnings Summary: Meta Tops Expectations in Q2, Issues Solid Forecast
Meta Platforms Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance — 'Meta AI Is On Track To Be The Most Used AI Assistant In The World'
Meta Platforms Jumps as It Sees Sales Boost Amid AI Spending
Express News | Meta EPS Beats Estimates, Stock Climbs 4% After Close
Microsoft Reports Sharp Decline In Xbox Hardware Sales For Q4, But There's A Silver Lining
Meta Platforms Sees Q3 Revenue $38.5B-$41B Vs $38.31B Est.; Does Not Intend To Provide Any Quantitative Guidance For 2025 Until The Q4 Call
Netflix Snaps Six Straight Sessions of Losses
EXCLUSIVE: 'Restaurants Are To SoundHound AI What Books Were To Amazon,' CEO Tells Benzinga
Amazon Shares Are Trading Higher: What You Need To Know
Nasdaq Surges Over 3%; Powell Industries Shares Spike Higher
Nearly 20 million US dollars per month! TikTok becomes a major customer of microsoft's AI.
TikTok, Walmart, Intuit, and G42 have become the main customers of Microsoft Azure OpenAI services. TikTok stands out in particular, having spent $20 million per month earlier this year on OpenAI models, accounting for 25% of the total revenue for that business. However, Microsoft faces the challenge of needing to expand the number and type of companies purchasing its AI services. Depending on a single or a few large customers may bring business risks, especially in cases where these customers may develop their own AI technologies.
US Weighs New Restrictions On China's Access To AI Memory Chips; New Limits Could Come As Soon As Next Month; SK Hynix And Samsung May Be Affected By Planned Rule
Microsoft To Rally Around 24%? Here Are 10 Top Analyst Forecasts For Wednesday
10 Consumer Discretionary Stocks With Whale Alerts In Today's Session
10 Information Technology Stocks Whale Activity In Today's Session