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The Latest Breaking News on Meta Shows Strong Growth As AI Spending Surges

Meta Shows Strong Growth As AI Spending Surges

Facebook owner Meta saw net income and revenues top expectations on Wednesday as the company said it would expand investments into artificial intelligence, drawing nervousness from investors.

International Business Times

Microsoft Beats Expectations, But AI Concerns Force Shares Down

Microsoft delivered solid quarterly results on Wednesday, beating analyst expectations with revenue jumping 16 percent to $65.6 billion, but questions were raised about the company's big spending on the AI boom.

International Business Times

Meta Platforms Inc. Reports Strong Q3 Results, AI Investment

Meta Platforms Inc. reports strong Q3 results with revenue growth and AI advancements, but faces concerns over future AI-related expenses.

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Microsoft and Alphabet's latest earnings show once again that it's all about the cloud

Microsoft's cloud helped to lift its fiscal first-quarter results after Google's parent reported similarly strong cloud growth a day earlier.

Fortune

Meta tops revenue targets but warns of 'significant' cap ex spending next year

The owner of Facebook, Instagram and WhatsApp saw revenue and users grow, yet Wall Street was not excited.

Fortune

Meta had a good quarter, Zuckerberg teases Llama 4

Meta reports its Q3 2024 earnings, with revenue increases across its businesses and wider losses for Reality Labs.

Android Central

Microsoft sails as AI boom fuels double-digit growth in cloud business

Revenue from Azure cloud business increased by 22% as company focuses attention on artificial intelligence

The Guardian - US

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These 3 Semiconductor Stocks Are Analyst Favorites

As the demand for semiconductors continues to climb, thanks to AI, here are three analyst-approved chip stocks poised to lead the charge.

Barchart

Google now uses AI to write 25% of its new code — Alphabet CEO Sundar Pichai underlines the company's role in the AI industry amidst strong Q3 24 financials

Sundar Pichai reports that artificial intelligence is responsible for writing 25% of Google's code.

Tom’s Hardware

AMD's Dr. Lisa Su predicts AI GPU market will grow to $500 billion by 2028 or 'roughly equivalent to annual sales for the entire semiconductor industry in 2023'

Please feed some of that back into gaming GPUs, Dr. Su.

PC Gamer

Advanced Micro Devices Stock Sinks as Q4 Guidance Disappoints. What to Know

Advanced Micro Devices is one of the worst S&P 500 stocks Wednesday after the chipmaker's Q4 outlook left Wall Street wanting more.

Kiplinger

Google Thrives Amid AI Shift And Regulatory Battles

Google's financial success driven by AI innovation amidst regulatory challenges. Strong performance and investment in AI position Google as a tech industry...

Top News

One Analyst Says Alphabet Remains a Top Stock Pick After Earnings. Here's Why

Alphabet stock is higher after the Google parent reported strong advertising and cloud growth in Q3. Here's why one analyst thinks there's more to come.

Kiplinger

AMD's AI GPU business has barely been going for a year but it's already as big as its entire CPU operation

Server, cloud, client, laptop combined, AMD's CPU sales are now matched by its AI chips.

PC Gamer

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Fortune

Over 25% of Google's code is written by AI, Sundar Pichai

Demand for AI offerings from Alphabet's cloud business helped drive an impressive revenue and earnings beat.

TechRadar

Alphabet CEO says more than a quarter of new code at Google is AI-generated

Google’s developers are now reviewing and accepting AI-generated code as the company commits to “building great products.”

Barchart

Why Do Analysts Forecast a 40% Drop in Palantir Stock Ahead of Q3 Earnings?

Despite the excitement surrounding Palantir's AI prospects, Wall Street analysts are cautious about PLTR stock ahead of its third quarter earnings, and see significant downside potential.

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