MoneyThe story, in brief
Tech results as it happened: Google, Meta and Microsoft boost AI spending forecasts
Meta's stock tanked 6.5%. Here's why Google, Microsoft, and Amazon are doubling down on AI capex.
The KeyNews take
Why it matters
Tech giants are significantly increasing AI infrastructure spending forecasts despite market volatility, signaling conviction in AI ROI and setting the capex bar higher for the entire industry.
The key facts
4 to knowMeta stock dropped 6.5% on earnings
Google, Microsoft, Amazon all reported strong cloud computing growth
All three companies boosted AI spending forecasts in earnings
Published April 30, 2026 — earnings season announcement
Go to the source
Financial Times Technologyft.com
Publisher excerpt: Facebook owner’s stock drops 6.5% while Alphabet, Microsoft and Amazon report strong cloud computing growth