US tech stocks lost nearly $1 trillion on concerns about artificial intelligence spending, Meta Platforms Inc. hit a record ...
The social-media giant plans to spend between $60 billion and $65 billion, the latest sign of tech companies’ accelerating ...
Hedge fund billionaires Stephen Mandel and Louis Bacon sold shares of Microsoft and bought shares of Meta Platforms in the third quarter. Microsoft's artificial intelligence business is on pace to ...
Also Read: Microsoft, Salesforce Battle Heats Up As AI Agent Technology Takes Center Stage Former Meta Platforms Inc executive ... Office 365 productivity suite, and more profitable Games and ...
Specifically, Microsoft is expected to gain from several growth catalysts, including AI opportunities and strength in its cloud business. Meta Platforms NewsMORE Related Stocks ...
Stephen Mandel of Lone Pine Capital sold 364,426 shares of Microsoft, reducing his position by 18%. He also bought 496,900 shares of Meta Platforms ... Microsoft's AI business is expected to ...