""We've had a strong start to the year," Meta CEO Mark Zuckerberg said on a call with analysts. "Our community keeps growing with more than 3.4 billion people now using at least one of our apps each day.""
"Meta expects to spend $64 billion to $72 billion on capital expenditures in 2025, up from previous guidance of $60 billion to $65 billion."
Shares of Meta Platforms and Microsoft surged after both companies reported impressive quarterly earnings, driven by growth in artificial intelligence spending. Meta's revenue reached $42.3 billion, with a notable operational income increase, while Microsoftâs Azure cloud business saw substantial growth attributed to AI. Despite concerns about economic uncertainties, there is a continued robust outlook for these tech giants, with Meta planning increased capital expenditures to advance its AI initiatives.
Read at Bankrate
Unable to calculate read time
Collection
[
|
...
]