Meta shares fall as frustration grows over AI spending plans

Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies

Gilbert: Meta On Hyperscaler Spend Without the Business

Microsoft shares surged in late trading after better-than-expected 4Q earnings, helped by continued strength in cloud computing and artificial intelligence. But Meta shares fell after a disappointing revenue forecast for the current quarter. It also reported the lowest free cash flow in years, a sign of ballooning AI spending. Josh Gilbert, APAC & Middle East Lead Analyst at etoro spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on some of the mag7 reporting. (Source: Bloo...

Meta tanks nearly 9%, Microsoft jumps 8% as the AI trade splits Big Tech

Microsoft posted strong Azure and Copilot growth, while Meta missed revenue guidance forecasts as free cash flow plunged leading to diverging stock moves.

Zhongji Innolight shares fall on Hong Kong debut amid global AI sell-off

Zhongji Innolight saw its share price drop as much as 3 per cent after its hotly anticipated debut on the Hong Kong stock market on Thursday, as the Chinese firm felt the impact of a global downturn in investor sentiment towards the artificial intelligence sector. By 9.33am, it dropped by 2.86 per cent to HK$953. The Chinese firm – a leading producer of optical transceivers used in AI data centres – had earlier completed Hong Kong’s biggest initial public offering of the year, raising HK$53.4...

By Zoe SL Chan

Seoul shares again dip over 1% after 2-day deep rout amid AI spending concerns

Seoul shares fell by more than 1 percent Thursday as retail investors heavily sold tech stocks following deep declines over the previous two sessions amid concerns over artificial intelligence spending and uncertainty about the Federal Reserve's interest rate outlook. The Korean won strengthened against the US dollar. After volatile trading, the benchmark Korea Composite Stock Price Index lost 69.68 points, or 1.23 percent, to close at 5,593.56 after plunging to an intraday low of 5,547.41. The

By The Korea Herald

Equinix shares fall on soft third-quarter forecast

Meta shares fall as frustration grows over AI spending plans

Meta shares plunged on Wednesday as investors baulked at its promise to maintain spending on artificial intelligence (AI) projects even as profits dwindle.

By Abubakar Ibrahim