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The Market Loves Microsoft’s AI Spending, Hates Meta’s. Here’s Why
24/7 Wall St.14d agoneutral
The Market Loves Microsoft’s AI Spending, Hates Meta’s. Here’s Why

Wall Street cheered one tech giant's AI spending this week and punished another's, even though both reported strong revenue growth and both are betting their futures on artificial intelligence. The reason behind that split verdict reveals something important about where the AI investment cycle is heading.

Stocks Bounce Back From Fed Day Turmoil
Barrons.com14d agoneutral
Stocks Bounce Back From Fed Day Turmoil

Stocks kicked off Thursday’s trading session higher, reemerging from the carnage of Wednesday’s selloff. The S&P 500 was up 0.9%, while the Nasdaq Composite rose 1.6%. Rosenberg Research’s Dave Rosenberg described the moves as “a weak stock-market bound on shaky ground,” nodding to the major averages’ “precarious technical positions,” yesterday’s rise in bond yields, and oil price spikes.

These Companies Are Cooking With Gas
The Wall Street Journal14d agoneutral
These Companies Are Cooking With Gas

​📈 Follow our live markets data and coverage. Natural gas is where the list of winners and losers gets really interesting. As the world’s largest producer—and a substantial exporter—there are no physical shortages (yet) and energy companies are earning temporary windfalls.

Meta Shares Slide After Weak Third-Quarter Revenue Outlook Overshadows Sales Growth
InvestorsHub14d agoneutral
Meta Shares Slide After Weak Third-Quarter Revenue Outlook Overshadows Sales Growth

Meta Platforms (NASDAQ:META) shares fell more than 8% in premarket trading on Thursday after the company issued third-quarter revenue guidance that disappointed investors, despite reporting revenue ahead of expectations for the second quarter. The social media giant also posted earnings that missed Wall Street forecasts as rising legal, restructuring and infrastructure costs weighed on profitability.

Analysis-Meta's AI splurge lays bare its compute conundrum
Reuters14d agoneutral
Analysis-Meta's AI splurge lays bare its compute conundrum

Meta can simultaneously fuel its own AI ambitions and rent out its scarce computing capacity to bolster returns, CEO Mark Zuckerberg signaled on Wednesday. The Instagram owner is splurging billions to build compute - chips, servers, energy and data centers that ‌power AI - leaving it with free cash flow of just $784 million in the second quarter to run and grow its business. Pressed by analysts for details on Meta's plans, Zuckerberg framed compute as a scarce strategic asset that the company should keep and build around, rather than simply sell for short-term profit.

Stocks to Watch: Meta, Adidas, Apple, Shell
The Wall Street Journal14d agoneutral
Stocks to Watch: Meta, Adidas, Apple, Shell

↘️ Adidas (XE:ADS): Shares of the German sportswear company tumbled 17% after it reported lower-than-expected earnings and higher marketing costs tied to the FIFA World Cup. ↗️ Microsoft (MSFT): Shares jumped more than 8% premarket after the company reported a 31% jump in profit late yesterday.

Bitcoin Rises as Traders Weigh Fed Decision, Tech Earnings
Barrons.com14d agoneutral
Bitcoin Rises as Traders Weigh Fed Decision, Tech Earnings

Bitcoin edged higher as investors digested the Federal Reserve's latest policy decision and earnings from U.S. tech giants Microsoft and Meta. The Fed left rates unchanged while Fed Chairman Kevin Warsh provided few clues about future policy.