Jason Hunter noted poor performance in AI trade for both Microsoft and Meta.

1 report, 1 independent Updated Jul 1

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Microsoft Meta

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Part of

Microsoft and Meta are contrasting their AI approaches and touting high AI revenue run rates. All 1 developments

The entities involved

Microsoft
American multinational technology corporation
- Major tech companies, including Anthropic, Nvidia, Google, SpaceX, and Amazon, are benefiting from the current AI investment craze.21:37
- Tech stocks on Nasdaq are experiencing volatility as Fortinet's decline and Microsoft's CapEx trim affect market sentiment.21:06
Meta
American technology company
- OpenAI and Meta secured new AI infrastructure deals with both AMD and Nvidia, while leadership discussed product scaling.21:19
- Companies are adopting AI technologies, leading to workforce reductions across major tech firms like Microsoft, Meta, IBM, and Salesforce.19:23

Related events

Tech giants face scrutiny over high AI spending, raising concerns about market concentration and the rise of smaller AI models.Jul 27
Both Amazon and Microsoft are major players in the AI chip market and stand to benefit from AI in the long run.Jun 8
Meta develops an AI agent that is gaining market traction, boosting demand for central processing units.Sep 22
Bank of America analysts reviewed Meta's AI execution, highlighting competition with Google, Amazon, and Microsoft.Oct 17
Goldman Sachs predicts an AI capex supercycle as major tech giants Microsoft, Meta, and Amazon capitalize on the AI boom.Jul 1

Coverage

Newest first; wire copies grouped

Jul 1businessinsider.com