Alphabet's cloud business saw a 35% year-over-year revenue increase, attributed to AI adoption, highlighting a significant shift in how tech companies are integrating AI into their operations.
Amazon's quarterly performance was buoyed by AI adoption in its AWS cloud unit, leading to a 19% revenue increase and exceeding market expectations in both retail and cloud services.
While Apple outperformed revenue and profit estimates overall, a decline in revenue in China raised concerns among investors regarding future performance and demand for new products.
Meta reported stronger earnings, but its user growth fell short of expectations, illustrating the ongoing challenges tech companies face in balancing investment in AI with user engagement.
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