Meta shares fall as frustration grows over AI spending plans

Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies

Gilbert: Meta On Hyperscaler Spend Without the Business

Microsoft shares surged in late trading after better-than-expected 4Q earnings, helped by continued strength in cloud computing and artificial intelligence. But Meta shares fell after a disappointing revenue forecast for the current quarter. It also reported the lowest free cash flow in years, a sign of ballooning AI spending. Josh Gilbert, APAC & Middle East Lead Analyst at etoro spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on some of the mag7 reporting. (Source: Bloo...

Microsoft aces earnings call, while Meta frustration grows: 'Do we just need to be a bit more patient?'

Wall Street wants bang for its buck after massive capital expenditures

Seoul shares open higher on bargain hunting amid AI spending concerns

Seoul shares opened higher Thursday, as investors attempted to buy oversold stocks despite losses on Wall Street amid concerns over artificial intelligence spending and uncertainty about the Federal Reserve's policy path. After opening 0.33 percent higher, the benchmark Korea Composite Stock Price Index went up 19.85 points, or 0.35 percent to 5,683.09 as of 9:15 a.m. On Wednesday, the index plunged 5.98 percent to close at 5,663.24, following a 10.84 percent decline the previous session. Overni

By The Korea Herald

Meta shares fall as frustration grows over AI spending plans

Meta shares plunged on Wednesday as investors baulked at its promise to maintain spending on artificial intelligence (AI) projects even as profits dwindle.

By Abubakar Ibrahim