Stocks slid on Thursday as struggles in the broader market overshadowed blockbuster results from megacap tech giants Microsoft and Meta Platforms. "Magnificent Seven" titans Microsoft and Meta ...

Both Meta and Microsoft have been investing heavily in artificial intelligence infrastructure in recent years, and the companies said they expect to continue to shell out billions in capital ...

Shares in Meta and Microsoft plunged Thursday after the tech giants announced plans to ramp up AI spending – and investors worried that the cash might not yield major payouts. Fears that artificial ...

(Bloomberg/Felice Maranz and Ryan Vlastelica) — Earnings season for a handful of megacap tech firms has morphed into capex season with the AI arms race showing no signs of slowing. Focus will be on ...