Meta and Microsoft defend AI capex spend post-DeepSeek
DeepSeek. Now Tech giants Meta and Microsoft are justifying large AI investment amid questions raised by DeepSeek over how much it costs to train cutting-edge models.
Tesla, IBM and Meta lead most of Wall Street higher
Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher after a rush of profit reports from some of the country's ...
Heard on the Street: Behind the AI Splurge at Microsoft and Meta
That was the combined capital spending by Microsoft and Meta Platforms last quarter, nearly double a year earlier. The bulk of it went on chips and data centers to power generative AI services. Read w ...
Indices end higher as investors weigh key earnings
US stocks ended higher on Thursday as investors digested a stack of key earnings reports, with upbeat comments from Tesla helping to offset a disappointing forecast from Microsoft.