Tag Archives: spend

Wayfair (NYSE:W) shares are trading higher on Monday after reporting second-quarter results. The e-commerce company reported adjusted earnings per share of 87 cents, beating the street view of 32 cents. Quarterly sales of $3.27 billion (up by 5% year-over-year or Y/Y) outpaced the analyst consensus estimate of $3.12 billion. Total net revenue, excluding the impact of our exit from the German …

Meta, Apple, Microsoft, and Amazon all reported quarterly earnings this week, and there was a common thread tying them together: a boom in AI spending and plans to increase it even more, beyond analyst expectations. Although capital expenditures above expectations often don’t tend to make investors particularly happy, it had pretty much the opposite effect this week, especially for Meta …

The US’s largest companies have spent 2025 locked in a competition to spend more money than one another, lavishing $155bn on the development of artificial intelligence, more than the US government has spent on education, training, employment and social services in the 2025 fiscal year so far. Based on the most recent financial disclosures of Silicon Valley’s biggest players, the …

Big Tech’s Big Bet on AI Driving $344 Billion in Spend This Year  Bloomberg.com Who will pay for the trillion-dollar AI boom?  The Economist Big tech has spent $155bn on AI this year. It’s about to spend hundreds of billions more  The Guardian Big tech sees AI investments begin to pay off  Axios Silicon Valley’s New Strategy: Move Slow and Build Things – WSJ  The …

Microsoft to spend record $30 billion this quarter as AI investments pay off  Reuters Microsoft tops $4 trillion in market cap after hours, joining Nvidia in exclusive club  CNBC Microsoft set for $4 trillion market cap after posting Q4 beat on top and bottom line on cloud, AI strength  Yahoo Finance Microsoft’s stock surges after earnings. Here’s the biggest number from the report.  MarketWatch …

Meta’s founder Mark Zuckerberg has said the social media giant will spend hundreds of billions of dollars on building huge AI data centres in the US. The first multi-gigawatt data centre, called Prometheus, is expected to come online in 2026, Zuckerberg said. He said one of the sites would cover an area nearly the size of Manhattan (59.1 sq km/22.8 …