Meta and Microsoft invest in AI data centers amid Wall Street concerns over immediate returns.
Tech giants Meta and Microsoft are ramping up investments in AI data centers to meet rising demand, despite Wall Street's concerns over immediate returns on these expenditures. Both companies reported strong earnings, with Microsoft’s AI business projected to exceed a $10 billion annual run rate. However, their substantial capital spending may pressure profit margins, leading to declines in stock prices as investors seek quicker financial results.
October 30, 2024
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