Artificial intelligence (AI) was a key focus of earnings reports from big tech companies over the past week, with reactions to results from Meta Platforms (META), Amazon (AMZN), Microsoft (MSFT), and Apple (AAPL) suggeꦕsting it might be getting harder for big tech to ൲wow investors with their AI plans.

Many of the companies have 澳洲幸运5官方开奖结果体彩网:ramped up spending on AI, raising concerns about AI's costs, and stock moves after th🔥e latest earnings this week indicate some have had greater success than others in convincing investors.

Meta's Early AI Gains Ease Worries About Spending

Meta shares gained after the company 澳洲幸运5官方开奖结果体彩网:announced better-than-expected results and CEO Mark Zuckerberg 澳洲幸运5官方开奖结果体彩网:highlighted its advances in AI.

This week, the company lifted the lower end of its 澳洲幸运5官方开奖结果体彩网:capital expenditures (CapEx) guidance for the full year to $37 billion from $35 billion, while maintaining the high end at $40 billion. Meta also said it plans to increase CapEX further in 2025. Last quarter, Meta shares had tumbled after the company reported earnings amid worries about 澳洲幸运5官方开奖结果体彩网:overspending to invest in AI.

However, 澳洲幸运5官方开奖结果体彩网:investors seemed less concerned with Meta's multi-billion dollar AI spending as Zuckerberg reported early gains from the tech. The company said it is leveraging AI to improve recommendations for social content and ads on its platforms to optimize user engagement and make ads "m🎶ore eꦕffective,” benefitting Meta's ad business.

Microsoftﷺ, Amazon Sharesܫ Fall Amid Growth Concerns

By contrast, weaker-than-expected growth in Microsoft's 澳洲幸运5官方开奖结果体彩网:cloud segment overshadowed its earnings beat, 澳洲幸运5官方开奖结果体彩网:sending shares lower.

On the 澳洲幸运5官方开奖结果体彩网:company's earnings call, CFO Amy Hood said AI-related capacity falling short of demand held back Microsoft's cloud gains. CEO Satya Nadella s🅠aid that the company is investing in AI based on demand signals, and expects AI spending will help Microsoft raise capacity to meet demand in the second half of fiꦯscal 2025.

Amazon 澳洲幸运5官方开奖结果体彩网:shares also fell after the e-commerce giant missed revenue estimates and issued weak guidance for the coming quarter. Company executives highlighted Amazon's position to gain from 澳洲幸运5官方开奖结果体彩网:Amazon Web Services (AWS) customers preparing their cloud infrastructure for 澳洲幸运5官方开奖结果体彩网:generative AI (GenAI) opportunities, but it wasn't🦂 enough to boost enthusiasm for the st🦂ock.

𝔍 Apple Investors Waiting on iPhone 16 and Apple Iꦇntelligence Launches

澳洲幸运5官方开奖结果体彩网:Apple shares made slight gains Friday, a day after 澳洲幸运5官方开奖结果体彩网:its earnings beat estimates as investors wait for the expected release of the iꦰPhone 16 and Apple Intellꦿigence in the fall.

CEO Tim Cook said that Apple's AI features, which were 澳洲幸运5官方开奖结果体彩网:unveiled in June, will come to users in 澳洲幸运5官方开奖结果体彩网:staggered launches, rather than in one software update, with 澳洲幸运5官方开奖结果体彩网:ChatGPT integration coming to iPhones by the end of the calendar 💦year.

Apple's introduction of AI features has raised expectations they could spur an accelerated upgrade cycle as the company's record-high install base could upgrade to newer devices to access Apple Intelligence.