Microsoft (MSFT), Meta (META), and Alphabet (GOOGL) disclosed last week that they had spent more than $32B combined on data centers and other capital expenses in Q1, as they accelerate AI spending, The New York Times’ Karen Weise reports. The companies all said in calls with investors that they had no plans to slow down their AI spending, Weise writes.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Apple (NASDAQ:AAPL) Boosts AI Capabilities Ahead of Q2 Earnings
- Microsoft and Alphabet: ‘Keep on Buying,’ Say Top Analysts About These 2 AI Giants
- Notable open interest changes for April 26th
- Microsoft price target raised to $465 from $455 at Piper Sandler
- Microsoft price target raised to $460 from $455 at Macquarie