Stocks muted as 'Magnificent Seven' earnings land; gold nears record
Wall Street shares were slightly higher on Thursday, as investors cheered earnings from Meta , but were disappointed by ...
Microsoft, Meta back big AI spending despite DeepSeek's low costs
(Reuters) -Days after Chinese startup DeepSeek's breakthrough low-cost AI computing shook the U.S. technology industry, CEOs of Microsoft and Meta defended massive spending saying it was crucial to ...
Meta's chief AI scientist says market reaction to DeepSeek was 'woefully unjustified.' Here's why.
Meta's top AI scientist, Yann LeCun, said there was a "major misunderstanding" about how billions in AI investment will be ...
US stocks boosted at open by earnings and signs AI spending's intact. Nvidia dips, though.
Wall Street opens up on relief Meta and Microsoft kept their AI spending plans even as their earnings come in mixed. Next up, Apple after the close.
Microsoft, Meta's plans for AI infrastructure send allied stocks surging
"We expect CapEx growth in 2025 will be driven by increased investment to support both our generative AI efforts and our core business. The majority of our CapEx in 2025 will continue to be directed ...
Playbook: Tragedy on the Potomac
THE KASH CACHE: Of Patel and Gabbard, it’s the FBI nominee who appears on far stronger footing. One tangible example of that is that Sen. Thom Tillis (R-N.C.), whose support for Defense Secretary Pete ...
A.I. Giants Double Down on Spending, Even as DeepSeek Looms
Both Meta and Microsoft committed to huge investments in artificial intelligence, despite new Chinese software outperforming American rivals at a lower cost.
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Microsoft sees earnings growth but slowdown in cloud services and continued spending on AI worry investors
The Windows maker’s revenue rose 12% year-on-year to $69.6 billion in Q2 FY25, with net profit surging 10% to $24.1 billion.
Tech CEOs try to reassure Wall Street after DeepSeek shock
Leaders at Microsoft and Meta told investors that China’s DeepSeek doesn’t harm their businesses and that they will still ...
Apple is the stock everyone loves to hate. Don't sell even if earnings are dismal, analyst says.
"During the past 24 months or so, Apple has been the stock everyone has loved to hate, and that trend has continued into 2025," Rubin told clients in a new note. "Apple has been left behind in this ...
DeepSeek's AI claims have shaken the world — but not everyone's convinced
DeepSeek claims its R1 outperforms OpenAI’s latest o1 model despite costing a fraction of the price the U.S. AI lab charges ...
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Meta stock rises as Zuckerberg hails 'really big year' for AI
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg exuded confidence in his company’s artificial intelligence ...