Meta shares plunge on escalating concerns over AI spending spree
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Meta shares plunge on escalating concerns over AI spending spree
San Francisco – Meta Platforms shares slid after the tech giant raised its spending outlook for 2026, reigniting fears that the historic levels of investment it is making to catch up in the artificial intelligence race will not pay off. The parent of Facebook and WhatsApp projected full-year capita»»»
Big Tech's multi-billion dollar AI bets are still on track as Mag 7 giants report earnings
Search/en Silicon Valley (Carles Rabada/Unsplash)What to know: Microsoft, Alphabet, Meta, Amazon all reported Q1 earnings after the bell on Wednesday.The four companies are expected to spend a combined $650 billion on AI infrastructure in 2026, the largest capital spending commitment in corporate h»»»
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