META Jun 2024 230.000 put
| Previous close | 0.1600 |
| Open | 0.1600 |
| Bid | 0.0700 |
| Ask | 0.1200 |
| Strike | 230.00 |
| Expiry date | 2024-06-21 |
| Day's range | 0.1600 - 0.1600 |
| Contract range | N/A |
| Volume | |
| Open interest | 6.28k |
- Yahoo Finance Video
Microsoft, Alphabet earnings show AI is more than just hype
Both Alphabet (GOOG, GOOGL) and Microsoft (MSFT) posted quarterly results that topped Wall Street estimates. The big takeaway from both reports? That generative artificial intelligence is here and companies are spending on it, says both Baird Technology Desk Sector Strategist Ted Mortonson and RBC Capital Markets Software Equity Analyst Rishi Jaluria. "The commentary out of both Google and Microsoft, I think, tells us that there is real demand for AI... there's actual money being put behind this. It's not just hype. It's not just people talking about it. There's actual capital being put to work," Jaluria tells Yahoo Finance's Morning Brief. Mortonson agrees. "We are going through, really, a generational infrastructure build," Mortonson says, adding that both Microsoft and Alphabet have an "advantage" because their "data center footprint already exists." Jaluria notes that investors "will be patient" with Microsoft's big spending on infrastructure as long as the company's AI-related businesses continue to show growth. As to why investors were less happy about Meta's (META) AI spending, Mortonson thinks it may come down to "a game of positioning." "Meta was extremely crowded going into the print. There's some people that, quite frankly, didn't like some of the unprofitable spend," Mortonson says. He believes that Meta is "very attractive" given how hard the stock was hit by its results, but the Microsoft does have a "huge advantage" due to its enterprise business. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
- Yahoo Finance Video
Alphabet stock pops off on Q1 earnings beat, cash dividend
Alphabet (GOOGL, GOOG) declares a cash dividend of $0.20 per share to investors while reporting a first-quarter earnings beat; the Google parent company topped expectations on the top and bottom lines, posting adjusted earnings of $1.89 per share (against estimates of $1.53) and $67.59 billion (against estimates of $66.07 billion). And Alphabet's stock is overjoyed, surging as high as 13% in Thursday's after-hours trading session. Yahoo Finance Markets Reporter Josh Schafer joins Julie Hyman and Jared Blikre on Market Domination Overtime to break down the tech giant's quarterly results, comparing and contrasting Alphabet's earnings performance to that of Big Tech peers such as Meta Platforms (META). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Meta is spending more on AI: Where the money is going
According to company filings, Meta (META) will boost its full-year capital expenditures to a range of $35 to 40 billion, which was more than what some analysts expected. In a statement from the company, Meta plans to "invest aggressively to support our ambitious AI research and product development efforts.” Yahoo Finance Tech Editor Dan Howley joins Wealth! to break down Meta's capital expenditures into AI and more. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
