Google Cloud pulls ahead as Big Tech's AI bet swells to $700 billion - Reuters

Google Cloud pulls ahead as Big Tech's AI bet swells to $700 billion  Reuters

Meta shares slide as plan to spend billions more on AI spooks investors

Other tech giants Alphabet, Microsoft and Amazon also reported quarterly earnings on Wednesday.

Big Tech’s AI payback might be coming into view

Earnings hint at growth trajectory despite increases in capital spending

Stocks making the biggest moves midday: Qualcomm, Hertz, Eli Lilly, Meta Platforms, Microsoft & more

Here are the stocks making headlines in midday trading.

Is China’s Manus block a warning for other AI firms with global ambitions?

Beijing’s decision to block Meta Platforms’ proposed acquisition of artificial intelligence firm Manus should not be seen as a restriction on foreign investment, Chinese state media said, urging companies in the sector to “go global when ready” and “pursue partnerships where appropriate”. “What stands out from Meta’s Manus deal is that the AI industry is transcending simple commercial logic,” Yuyuan Tantian, the influential social media account run by state broadcaster CCTV, said on Wednesday...

By Kandy Wong

The Zacks Analyst Blog Highlights Microsoft, Alphabet, Amazon and Meta Platforms - The Globe and Mail

The Zacks Analyst Blog Highlights Microsoft, Alphabet, Amazon and Meta Platforms  The Globe and Mail

Microsoft just can’t win Wall Street’s trust. The stock is falling as spending fears linger.

Despite strong cloud growth and a surge in Copilot adoption, Microsoft’s latest results were overshadowed by an increase in AI spending.

By Emily Bary

The key takeaways from a massive day of tech earnings

From left: Meta's Mark Zuckerberg, Amazon's Andy Jassy, and Microsoft's Satya Nadella. Tom Williams/CQ-Roll Call, Inc (left), Kevin Winter (center), Sven Hoppe/picture alliance (right). All via Getty Images. This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. There's no official leaderboard for AI spending in Big Tech, but companies are competing like there is one. Tech giants' intent to pour billions of dolla...

Meta shares plunge on escalating concerns over AI spending spree - The Straits Times

Meta shares plunge on escalating concerns over AI spending spree  The Straits Times

Adrian Weckler: As tech job numbers wobble, what’s the outlook for the biggest Irish employers?

Between Meta’s new job cuts and Covalen’s Irish redundancies, it’s been a terrible two weeks for tech employment in Ireland. With AI replacement systems often to blame, how are the rest of Ireland’s big tech employers faring?

Caterpillar soars to all-time high after Q1 beat and raise, benefiting from AI buildout

Stellantis reports return to profit in first quarter of 2026

(ANSA) - ROME, APR 30 - Stellantis said Thursday that it got back in the black in the first quarter of this year, posting a net profit of 377 million euros compared to a loss of 387 million euros in the first three months of 2025. The Italian-French-American group, whose brands include Jeep, Peugeot, Fiat, Lancia, Maserati, Alfa Romeo and Chrysler, made a net loss of 22.3 billion euros in 2025, having made a huge write-down on its balance sheet as part of a reset after it overestimated the pa...

By ANSA

Caterpillar's Parabolic Rise Continues As AI Boom Supercharges Generator Sales

Caterpillar's Parabolic Rise Continues As AI Boom Supercharges Generator Sales Hyperscalers are deploying as much as $725 billion in capital expenditures this year, primarily on AI data center buildouts, and it comes as no surprise that Caterpillar posted solid first-quarter earnings, as surging on-site power demand has created a boom for the company's power-generation business. CAT is one of the world's biggest makers of machines used to build, mine, dig, haul, and power indust...

By Tyler Durden

Google stuns Wall Street with earnings, Meta slides over AI costs

Google-parent Alphabet stunned Wall Street with its latest quarterly earnings on Wednesday, as Big Tech rival Meta left investors tepid amid concerns about the huge cost of artific...

Flash estimate: Estonia's economic growth was 1.3% in Q1 2026

Gross domestic product (GDP) in Estonia rose by 1.3 percent year-on-year in the first quarter of 2026 (Q1 2026), state agency Statistics Estonia reported as a flash estimate.

Meta shares plummet near 10% after earnings, Google skyrockets

Meta shares tumbled nearly 10 percent at the opening Thursday on Wall Street, while Google-parent Alphabet surged more than six percent. The post Meta shares plummet near 10% after earnings, Google skyrockets appeared first on Vanguard News.

By Emmanuel Okogba

Meta AI deal blocked, raising concerns over China tech investments abroad - NewsDay Zimbabwe

Meta AI deal blocked, raising concerns over China tech investments abroad  NewsDay Zimbabwe