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Meta plans to spend up to $135 billion on AI as Zuckerberg pivots from metaverse to personal data

Mark Zuckerberg revealed Meta will dramatically increase AI spending to between $115 billion and $135 billion in 2026, nearly double last year's $72 billion. The company is betting its massive trove of user data from Facebook, Instagram, and WhatsApp will give it a competitive edge in building personalized AI that understands individual users better than any rival.

Business12 sources

Meta plans to spend up to $135 billion on AI as Zuckerberg pivots from metaverse to personal data

Business12 sources

Microsoft's AI bet faces investor scrutiny despite strong earnings and surging Copilot usage

Microsoft reported $81.3 billion in revenue and $38.3 billion in net income, but Wall Street responded with skepticism. Investors worry about massive capital expenditures of $72.4 billion and the company's heavy reliance on OpenAI, which accounts for 45% of its $625 billion backlog. CEO Satya Nadella defended the strategy, citing tripled Copilot usage and 4.7 million GitHub Copilot subscribers.

Business25 sources

Microsoft's AI bet faces investor scrutiny despite strong earnings and surging Copilot usage

Business25 sources

ServiceNow beats Q4 estimates with AI-driven revenue growth and strategic acquisitions

ServiceNow delivered strong Q4 results with subscription revenues of $3.47 billion, up 21% year-over-year, as AI deployments gain traction. The company closed 244 deals over $1 million in net new annual contract value and projects 2026 subscription revenue above Wall Street estimates. Strategic acquisitions including Armis for $7.75 billion position ServiceNow to expand its total addressable market while its AI Control Tower addresses enterprise governance challenges.

Business4 sources

ServiceNow beats Q4 estimates with AI-driven revenue growth and strategic acquisitions

Business4 sources

Big Tech AI spending faces investor demand test as Meta soars and Microsoft stumbles

Meta's stock jumped 9% after reporting 24% revenue growth fueled by AI-enhanced ad targeting, while Microsoft dropped 10% despite massive AI investments. The contrasting market reactions reveal a critical shift: investors will tolerate record AI spending only when companies deliver strong financial returns, marking a turning point in Wall Street's patience three years after ChatGPT's launch.

Technology24 sources

Big Tech AI spending faces investor demand test as Meta soars and Microsoft stumbles

Technology24 sources

Meta stock surges 10% as revamped AI strategy delivers strong fourth-quarter financial results

Meta exceeded Wall Street expectations with $59.89 billion in Q4 revenue, up 24% year-over-year, and earnings of $8.88 per share. The company's artificial intelligence investments are paying off with measurable improvements in ad performance and engineering productivity. Despite projecting capital expenditures of $115-135 billion for 2026, investors rallied behind Meta's bullish revenue guidance and evidence that its revamped AI strategy is delivering tangible returns.

Business10 sources

Meta stock surges 10% as revamped AI strategy delivers strong fourth-quarter financial results

Business10 sources

SK hynix commits $10 billion to new U.S. AI solutions company as record profits surge on memory boom

South Korean memory giant SK hynix is establishing a $10 billion AI solutions company in the U.S., restructuring its California-based Solidigm subsidiary in the process. The move comes as the chipmaker posts record quarterly profits, with operating income surging 137% year-over-year driven by explosive demand for high-bandwidth memory chips used in AI data centers.

Business15 sources

SK hynix commits $10 billion to new U.S. AI solutions company as record profits surge on memory boom

Business15 sources

ASML reports record €13.2 billion orders as AI boom fuels unprecedented demand for EUV machines

Dutch semiconductor equipment giant ASML posted record fourth-quarter bookings of €13.2 billion, more than double analyst expectations and previous quarter results. The surge reflects chipmakers' growing confidence in sustained AI-related demand, with customers accelerating capacity plans for advanced logic and memory manufacturing. ASML projects revenue between €34-39 billion for 2026.

Business10 sources

ASML reports record €13.2 billion orders as AI boom fuels unprecedented demand for EUV machines

Business10 sources

Cloudflare stock surges 14% as Clawdbot AI agent buzz ignites edge computing demand

Cloudflare shares jumped 14% premarket Tuesday after viral social media buzz around Clawdbot, an AI agent built on Anthropic's Claude, rekindled investor interest in the company's infrastructure. The open-source agent drew thousands of GitHub stars over the weekend, signaling that agentic AI systems capable of autonomous task execution are moving beyond demos toward real-world applications.

Business3 sources

Cloudflare stock surges 14% as Clawdbot AI agent buzz ignites edge computing demand

Business3 sources

Intel prioritizes Xeon processors over PC chips as AI demand strains foundry capacity

Intel is reallocating manufacturing resources from consumer processors to data center chips as unexpected AI infrastructure demand creates supply bottlenecks. The company admits hyperscaler customers caught it off guard with surging orders, forcing difficult choices that could impact PC availability and pricing through early 2026.

Business7 sources

Intel prioritizes Xeon processors over PC chips as AI demand strains foundry capacity

Business7 sources

Autodesk cuts 1,000 jobs to redirect investments to AI and cloud platform initiatives

Design software maker Autodesk is eliminating roughly 1,000 positions, representing 7% of its global workforce, to redirect investments to AI and cloud. The workforce reduction primarily targets customer-facing sales teams as the company completes its sales and marketing optimization strategy, with restructuring charges expected between $135 million to $160 million.

Business2 sources

Autodesk cuts 1,000 jobs to redirect investments to AI and cloud platform initiatives

Business2 sources

Dell Technologies wins Barclays upgrade as AI server orders surge and enterprise markets recover

Dell Technologies secured a Barclays upgrade to Overweight from Equal Weight, driven by surging AI server demand and improving enterprise prospects. The company plans to ship $9.4 billion of AI servers in Q4, pushing full-year AI server shipments to approximately $25 billion. Barclays maintained its $148 price target while citing Dell's resilient operating margin profile and expanding market opportunities.

Business2 sources

Dell Technologies wins Barclays upgrade as AI server orders surge and enterprise markets recover

Business2 sources

HCL Technologies reports $3 billion bookings as AI-led demand fuels strong deal momentum

HCL Technologies achieved $3 billion in total contract value bookings during Q3, driven by surging AI-led demand across data centers, custom silicon, and physical AI services. The company's advanced AI revenue grew 20% sequentially to $146 million, translating to a $600 million annualized run rate. CEO C Vijayakumar emphasized that AI is now embedded in every major engagement, with discretionary spending shifting toward AI-enabling services.

Business2 sources

HCL Technologies reports $3 billion bookings as AI-led demand fuels strong deal momentum

Business2 sources

TSMC calls AI demand 'endless' as chipmaker commits $56 billion to fuel sustained AI boom

Taiwan's TSMC reported record Q4 earnings of $16 billion and announced capital expenditure of up to $56 billion for 2026, signaling confidence in years of continued AI chip demand. CEO C.C. Wei personally verified demand with cloud service providers before committing to the massive spending increase, despite industry-wide AI bubble concerns.

Business35 sources

TSMC calls AI demand 'endless' as chipmaker commits $56 billion to fuel sustained AI boom

Business35 sources

Elon Musk's xAI Reports $1.46 Billion Quarterly Loss While Racing to Power Optimus Robots

Elon Musk's AI startup xAI burned through $1.46 billion in the September quarter, up from $1 billion earlier in 2025, as it pours resources into data centers, talent, and software development. Despite mounting losses, the company nearly doubled its revenue to $107 million and raised $20 billion in fresh funding to fuel its ambitious plan to build self-sufficient AI that will eventually power Tesla's Optimus humanoid robots.

Startups7 sources

Elon Musk's xAI Reports $1.46 Billion Quarterly Loss While Racing to Power Optimus Robots

Startups7 sources

Samsung profit triples to record $13.8B as AI demand sends memory prices soaring 313%

Samsung Electronics forecasts record quarterly profits of $13.8 billion in Q4, triple the previous year's results, driven by explosive demand for AI servers. Memory prices have surged dramatically, with DRAM contract prices up 313% year-over-year and another 60% increase expected in Q1 2026. The memory chip shortage shows no signs of relief until at least 2027.

Business7 sources

Samsung profit triples to record $13.8B as AI demand sends memory prices soaring 313%

Business7 sources

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