Meta Gains on AI Spending; Microsoft Falls on Azure Growth; Tesla Plots $20 Billion Splurge
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Meta Platforms (META) shares rise after the Facebook parent gave a revenue outlook that was much stronger than expected, which helped offset the impact of higher AI-related spending.-Microsoft (MSFT) shares fall after the software giant’s report featured an underwhelming read on growth in its Azure cloud-computing business. Analysts also noted higher-than-expected expenses.- Tesla (TSLA) will spend over $20 billion on a dramatic reshuffling of factory lines reflecting Elon Musk’s repositioning…
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