Meta and Tesla are set to report their third-quarter earnings on Wednesday, with investors looking for signs that their growing investments in AI are delivering results.
AI spending
July 23 (Reuters) - Alphabet's first cash burn on record has jolted investors awaiting more Big Tech results next week as soaring AI spending.
June 10 (Reuters) - Oracle on Wednesday forecast capital AI spending plans for fiscal 2027 above Wall Street estimates, as the cloud computing company said.
US stock markets and tech giants exposed AI trade split as investors reassessed firms’ ability to monetize AI spending.
Microsoft reported impressive earnings, with a 10% increase in profits, largely driven by the huge, big tech AI spending.
