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Meta Increases 2026 AI Spending Forecast, Impacting Stock Performance

Meta Increases 2026 AI Spending Forecast, Impacting Stock Performance

Meta Increases 2026 AI Spending Forecast, Impacting Stock Performance
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Meta Surpasses Wall Street Expectations Amidst AI Transition and Legal Challenges

Meta Surpasses Wall Street Expectations Amidst AI Transition and Legal Challenges

Meta Surpasses Wall Street Expectations Amidst AI Transition and Legal Challenges
AP News AP News
Meta beats revenue expectations, boosts capital spending forecast for 2026

Meta beats revenue expectations, boosts capital spending forecast for 2026

Meta Platforms Inc. reports strong first-quarter results, surpassing expectations with significant earnings growth, but the stock slipped in after-hours trading
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Meta Reports Strong Financial Performance in Q1 2026 Amidst Strategic Developments

Meta Reports Strong Financial Performance in Q1 2026 Amidst Strategic Developments

Meta Reports Strong Financial Performance in Q1 2026 Amidst Strategic Developments
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Meta's AI Spending Surge Raises Investor Concerns Amidst Legal Challenges

Meta's AI Spending Surge Raises Investor Concerns Amidst Legal Challenges

Meta's AI Spending Surge Raises Investor Concerns Amidst Legal Challenges
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Centene Corporation Increases 2026 Guidance Following Strong Q1 Financial Performance

Centene Corporation Increases 2026 Guidance Following Strong Q1 Financial Performance

Centene Corporation Increases 2026 Guidance Following Strong Q1 Financial Performance
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Big Tech's AI Investment Strategies Under Scrutiny Amidst Earnings Reports

Big Tech's AI Investment Strategies Under Scrutiny Amidst Earnings Reports

Big Tech's AI Investment Strategies Under Scrutiny Amidst Earnings Reports
Reuters Reuters
Meta lifts capital expenditure forecast, doubling down on AI push

Meta lifts capital expenditure forecast, doubling down on AI push

April 29 (Reuters) - Meta Platforms raised its annual capital expenditure forecast on Wednesday, doubling down on its decision to plow billions into artificial intelligence infrastructure even as it seeks cost savings via planned layoffs.
Reuters Reuters
Microsoft's cloud revenue growth disappoints investors, shares drop 2%

Microsoft's cloud revenue growth disappoints investors, shares drop 2%

By Aditya Soni and Stephen Nellis April 29 (Reuters) - Microsoft's modest increase in quarterly cloud revenue growth on Wednesday failed to impress investors worried about rising competition in the artificial intelligence race, and its shares fell more than 2% in extended trading.
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Meta Accused of Violating EU Law Over Child Safety on Facebook and Instagram

Meta Accused of Violating EU Law Over Child Safety on Facebook and Instagram

The European Commission has accused Meta of violating EU law by failing to prevent children under 13 from accessing Facebook and Instagram. The Commission's preliminary findings indicate that Meta's age verification measures are inadequate, allowing minors to create accounts by providing false birth dates. The process for reporting underage accounts is also criticized for being cumbersome. Meta disagrees with these findings, stating that they have measures in place to detect and remove underage users. The company plans to introduce additional measures soon and is engaging with the Commission to address these concerns.
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Seagate Technology's Profit Outlook Surges Amid AI Demand, Boosting Data-Storage Stocks

Seagate Technology's Profit Outlook Surges Amid AI Demand, Boosting Data-Storage Stocks

Seagate Technology's Profit Outlook Surges Amid AI Demand, Boosting Data-Storage Stocks
Reuters Reuters
Spotify forecasts second-quarter profit below estimates, shares fall

Spotify forecasts second-quarter profit below estimates, shares fall

April 28 (Reuters) - Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday, a sign of slowing growth for the Swedish streaming giant in its major markets of Europe and North America. Shares of the company fell around 6% in premarket trading.