Mark Zuckerberg’s Meta last week signalled much higher AI spending, which could top $100bn next year. Photograph: David Paul Morris/Bloomberg
Google, Meta and Microsoft spent almost $80 billion over the past quarter on artificial intelligence infrastructure, but investors had markedly different reactions to their plans to increase this historic spending spree.
Alphabet shares rose about 3 per cent shortly after Wall Street’s opening bell last Thursday as the Google parent boosted its capital expenditure plans for 2025 by $8 billion (€6.9 billion) to $93 billion, and delivered a record $100 billion in quarterly revenue.
By contrast, Meta plunged 12.6 per cent – wiping out about almost $240 billion from its valuation – as Mark Zuckerberg’s company signalled much higher AI spending, which could top $100 billion next year.
The varied reaction to the
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