Meta (META) posted better-than-expected first quarter results on Wednesday. The tech giant also announced it was boosting its spending to advance its AI push. Big Tech’s big AI spending has some on Wall Street concerned, but investors seem to be cheering Meta’s move. Wedbush Securities managing director Scott Devitt Jefferies explains why.
Also, after outpacing fiscal third quarter revenue estimates, Microsoft (MSFT) shares rose in Wednesday’s after-hours trading as it also boasts cloud revenue growth.
Yahoo Finance senior tech reporter Dan Howley and Jefferies senior analyst Brent Thill also discuss key takeaways from Meta earnings.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here: https://finance.yahoo.com/videos/series/market-domination-overtime/
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