Big US tech stocks swing as investors probe AI spend [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Facebook's owner Meta, Google's owner Alphabet, Microsoft, and Amazon all reported their business results for the first three months of this year at the same time on Wednesday. The companies collectively plan to spend more than half of a trillion dollars on AI this year, with Meta and Amazon making mass job cuts to offset these costs. Meta's shares slumped over 5% in after hours trading, while Microsoft and Amazon were down 2% and 1.6% respectively. Meanwhile, Alphabet share price jumped almost 6%. Investors in these firms have become increasingly concerned about whether the money being spent will generate returns. Wednesday's results revealed mixed bag for the companies on that front. Meta Mark Zuckerberg, Meta's co-founder and chief executive, said in prepared remarks that the company "had a milestone quarter" with users of its apps and a release of a new AI model, but that seemed to be overshadowed by another increase on costs. Its share price slumped after it said i
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META
News
- Polen Global Growth Q1 2026 Commentary [Seeking Alpha]Seeking Alpha
- Microsoft, Meta, and Google just announced billions more in AI spending. Only Google convinced investors it's paying off [Fortune]Fortune
- Meta's AI investments are costing way more than VR, and investors aren't happy about it [Yahoo! Finance]Yahoo! Finance
- Meta is still burning money on AR/VR [Yahoo! Finance]Yahoo! Finance
- Meta chief Zuckerberg doubles down on AI spending [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 4/29/26 - Beat
META
Sec Filings
- 4/29/26 - Form 4
- 4/29/26 - Form 8-K
- 4/28/26 - Form PX14A6G
- META's page on the SEC website