Alphabet and Meta Announce Increased Capital Expenditures Amid AI Investment Surge
Alphabet's shares rose over 6% while Meta's fell nearly 9% following their first-quarter earnings reports, which highlighted increased capital expenditures for AI initiatives. Alphabet raised its capex forecast to $180–190 billion, while Meta increased its to $125 billion. The diverging stock reactions reflect investor uncertainty about the returns on AI investments.
Topics: AI spending capital expenditures earnings reports stock performance tech industry trends