Microsoft Surges, Meta Sinks As Investors Demand Returns From AI Spending

Source: International Business Times

CEO of Meta Mark Zuckerberg testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. Alex Wong/Getty Images KEY POINTSMicrosoft shares jumped 10% while Meta tumbled 10% even as both companies devoted considerable resources to AI investments. Microsoft's 43% surge in Azure revenue and 10 million additional paid Copilot seats offest concerns about $175 billion in fiscal 2026 capital expenditures.