Meta Platforms faces a critical Q2 earnings report after a nine-day stock slide and is trading below key moving averages, with investors watching for updates on AI advertising and spending. Microsoft also reports, with focus on Azure growth, Copilot monetization, and a $190 billion capital expenditure plan for 2026, amid scrutiny over AI returns. Amazon leads U.S. grocery market share gains, emphasizing online and essentials, with earnings due tomorrow. These tech giants are heavily investing in cloud and AI infrastructure, aiming to capitalize on growing demand while investors seek tangible returns.
Meta is set to report earnings after market close on Wednesday, with traders expecting the company to emphasize its Ray-Ban Meta smart glasses and expansion into cloud computing during the conference call. There is a high likelihood Meta will mention...
BlackRock will own 80% of Meta's $14 billion AI data center campus in El Paso, Texas, marking a major Wall Street investment in AI infrastructure. Meta contributes land and assets worth $2.3 billion, while BlackRock invests $4.9 billion in cash, leav...
Meta Platforms' stock has declined 15% over the past year, mainly due to heavy investments in AI infrastructure. Despite these investments enhancing its advertising business, the market remains skeptical without clear AI-driven revenue commentary. Me...
Meta and BlackRock have formed a venture to develop a $14 billion data center campus in El Paso, Texas, designed to support Meta's AI ambitions with 1 gigawatt of compute capacity. Meta will manage construction and operations, while BlackRock and par...
Anthropic CEO Dario Amodei clarified that his company does not support banning open-weight AI models, countering industry rumors. He emphasized that open-weight models without dangerous capabilities are beneficial public goods that aid businesses and...
