What We Learned From Big Tech Earnings This Week

Raymond James. "ALPHABET INC. AI Boogeyman Nowhere to be Found." Bank of America. "Microsoft Corporation Cloud & AI continue to fuel Azure upside; the sole AI beneficiary at this point." Key Takeaways - Artificial intelligence was in the spotlight in Meta Platforms, Google parent company Alphabet, and Microsoft earnings reports, but investors were difficult to please despite the companies’ earnings beats. - All three tech giants planned to ramp up AI-related capital expenditures, but Meta shares tumbled as its AI …