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- Yahoo Finance
Meta stock slides over 12% after second quarter outlook disappoints
Meta reported its Q1 earnings after the bell, beating analysts' expectations on the top and bottom, but a disappointing Q2 forecast sent shares falling.
- Yahoo Finance UK
Trending tickers: Microsoft, Google, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's
The latest investor updates on stocks that are trending on Thursday.
- Reuters
AI spending worries cast gloom over Alphabet, Microsoft
Investors appear to be losing patience with Big Tech's prodigious artificial intelligence investments this week after Meta Platforms signaled deeper spending and a long road to profitability. The concession from Meta in its quarterly report late on Wednesday cast a cloud over Microsoft and Alphabet, which will both report quarterly earnings on Thursday. Meta's stock sank 15% in extended trade after it forecast higher AI spending next year, while Microsoft was down 2%, Alphabet fell 3% and Nvidia dropped 1.4% in reaction.
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