FinanceFortuneabout 3 hours ago
Big Tech Earnings Show Mixed AI Results
5 min read
Amazon, Alphabet, and Microsoft released earnings showing high AI demand but massive spending. Alphabet shares dropped 13% after missing targets despite Google Cloud revenue doubling to $51.4 billion in capital expenditures. Amazon shares fell 7% with free cash flow turning negative at $42.4 billion. Microsoft beat expectations with Azure growth of 48% and projected 2026 CapEx of $170 billion.
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