Microsoft’s shares dropped by 4.5% in Europe, following a weak forecast for its cloud business. This decline mirrored a similar drop in after-hours trading in the U.S., contributing to an overall loss of 1.1% during the regular session. Investors remain concerned about the company’s cloud performance amidst competitive pressures.
On the other hand, Meta’s shares saw a boost of 2.5% in Germany after exceeding expectations in its Q4 earnings report. The company’s focus on AI investments seems to be paying off, despite concerns about high spending in the sector.
In light of recent competition from Chinese company DeepSeek, both Microsoft and Meta’s CEOs defended their significant investments in artificial intelligence, emphasizing the importance of these expenditures for maintaining competitiveness in the rapidly evolving tech landscape.
Source: REUTERS