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During Wednesday’s extended trading, Meta shares made a 7% jump. Second Quarter Highlights For the quarter ended on June 30th, revenue grew 22% YoY to $39.07 billion, exceeding LSEG’s estimate ...
The check on Zuck's ambitions came as Meta shared a downbeat Q2 forecast. Investors have less patience for Meta's AI outlays when revenue growth isn't accelerating, especially given that it's a ...
For Meta, a quarter's worth of spending is in line with what they spent in a year until 2017. Microsoft said capital spending rose 5.3% to $20 billion in its first fiscal quarter, and predicted ...
Meta, meanwhile, said it expects a ramp up in capital expenditures in the next year as it continues to spend on AI, and raised its capex forecast for this year to a range of $38 billion to $40 ...
Meta raised its spending estimates to between $35 billion and $40 billion, up from between $30 billion and $37 billion. ... But Deutsche Bank says that recommendation algorithms are the place AI ...
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