Tag GOOGL

Why did Alphabet (GOOG, GOOGL) soar while Meta (META) plummeted in premarket, in the wake of respective earnings reports? In aviation, the divide between Boeing (BA) and Airbus (AIR.PA) deepens, with the American plane maker's stock sliding - while its European rival rallies. Chipotle (CMG) tanks nearly 19% in premarket, along with other restaurant chains (CAVA, WING, SHAK) also in the red. In semiconductors, Samsung (005930.KS) and Nvidia (NVDA) are trending. For more live coverage of markets watch the full episode of Market Sunrise and head to Yahoo Finance...

GOOGL, MSFT and META ramp up multibillion-dollar AI infrastructure spending as cloud and data center demand accelerates...

STORY: AI demand and cloud computing is giving Big Tech a boost.Microsoft and Google-parent Alphabet both posted better-than-expected results Wednesday, for the latest quarter.Microsoft said its Azure cloud business grew 40%.Total revenue rose 18% to almost $78 billion, beating expectations by more than $2 billion.It marks the company's second major win this week, after a revised deal with OpenAI that lets it retain a big stake.Exclusive access to models behind ChatGPT has been key to Azure's rapid growth in recent quarters.Meanwhile, Alphabet raked in just over $100 billion in the latest quarter.It saw a revenue growth of more than a third for Google Cloud as demand surged from large businesses for AI-powered infrastructure and data analytics.Shares in Facebook-parent Meta slid, however, after it recorded a near-$16 billion one-time charge linked to U.S. President Donald Trump's Big Beautiful bill.That ate into its profit  - which would have been $18.6 billion excluding the charge.Meta recorded revenue growth of 26% in the last quarter, beating estimates.But cost increases in the quarter outpaced the jump.Despite fears of a bubble, all three tech giants are splurging on AI.Google, Microsoft and Meta are all bumping up predictions of capital expenditure this year.After a late start, Meta has doubled down on its target to achieve "superintelligence"  - a theoretical milestone where machines outthink humans.To reach that goal, its CEO Mark Zuckerberg has pledged to spend hundreds of billions of dollars...

Microsoft, Meta and Google were big earnings movers late after Fed chief Powell's hawkish comments. The Trump-Xi meeting with key agreements...