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Big Tech AI Spending Concerns and Earnings Outlook

Bloomberg ·

META Meta Platforms Inc
$642.62 -0.96%
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  1. 1Alphabet, Microsoft, and Amazon are set to report earnings this week.
  2. 2Meta Platforms shares fell following news of a $125 billion increase in spending commitments.
  3. 3The Bloomberg Magnificent Seven Index recorded an annual return of 6.5% this year.

So what's the key point?

Alphabet, Microsoft, and Amazon will release their financial results this week. Meta Platforms saw its stock price drop after announcing plans to increase spending.

Source Bloomberg · View original ↗

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