Microsoft Stock Slumps, Meta’s Is Up After Earnings Reports And It’s All For The Same Reason
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…It’s AI
Meta just had its Q4 earnings and with its plans to spend $135 billion on AI this year, everyone’s like yeah, that sounds like a great plan, yeah, here, have all the money.
So Meta stock is up.
BUT on the other hand, Microsoft had its Q2 earnings (what? Are they in a different time zone or something?) and their cloud revenue topped $50 billion, their overall revenue is up and their AI division is booming thanks to a mega investment in ChatGPT.
So Microsoft stock is down.
…wait, what?
Also, by the time you’re reading this is could all be completely different. You know what we should have one of those live stock trackers, that would be really cool.
In other news we’ve got the S&P topping out, the Nasdaq and Gold are up.
Oh, also oil is going a bit wild atm because of some drama in Iran, but we’ll see how that pans out.
Now we’re all waiting on Apple’s earnings to get a complete picture of the tech sector/the economy.
Watch this space!
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