Google's AI Investments Pay Off as Cloud and Ad Revenue Surge Past Expectations
Alphabet exceeds Q3 revenue forecasts with strong cloud growth and advertising performance, while boosting AI spending to $91-93B despite economic uncertainties.
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Meta Expects Massive 2026 Spending Surge Despite Strong Q3 Results
Meta announces significantly higher 2026 expenses with $70-72B in 2025 capital expenditures as AI investments continue. Q3 revenue beats estimates at $51.2B despite $15.9B tax charge.
Microsoft's AI Spending Spree: $35B Investment Sparks Investor Concerns
Microsoft spent $34.9B on AI infrastructure in Q1, beating estimates but worrying investors about costs. Azure grew 39% as cloud business booms despite spending concerns.
Starbucks Shows First Sales Growth in Over a Year as Turnaround Plan Takes Hold
Starbucks (SBUX) reports 1% same-store sales growth after six straight quarters of decline. CEO Brian Niccol's "Back to Starbucks" strategy shows early signs of success with international markets leading recovery.
Uber Teams Up with Lucid and Nuro to Launch Robotaxis in San Francisco
Uber is entering direct competition with Waymo by launching driverless rides in the San Francisco Bay Area next year, using Lucid Gravity SUVs equipped with Nuro's tech.
Etsy Announces New CEO Amidst Sales Challenges and Focus on AI
Etsy has a new CEO, Kruti Patel Goyal. Sales forecasts are muted, stock fell, and the company is focusing on AI to lift growth.