AI investments by Microsoft and Alphabet resulted in increased share values and profitable outcomes, while Meta's fell.
Tech giants Microsoft and Alphabet's AI investments appear profitable, as their shares increased, while Meta's fell. Microsoft exceeded Wall Street estimates for Q3 revenue and profit, with AI adoption in cloud services contributing to growth. Alphabet announced a dividend and $70bn stock buyback. These financial outcomes demonstrate substantial AI investments can yield substantial rewards.
April 26, 2024
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