Meta Gains on AI Spending; Microsoft Falls on Azure Growth; Tesla Plots $20 Billion Splurge
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Show Notes
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Meta Platforms (META) shares rise after the Facebook parent gave a revenue outlook that was much stronger than expected, which helped offset the impact of higher AI-related spending.
-Microsoft (MSFT) shares fall after the software giant’s report featured an underwhelming read on growth in its Azure cloud-computing business. Analysts also noted higher-than-expected expenses.
- Tesla (TSLA) will spend over $20 billion on a dramatic reshuffling of factory lines reflecting Elon Musk’s repositioning of the carmaker coming off a multiyear sales slump. The capital expenditures planned for 2026 — more than double last year’s outlay and almost twice as much as Wall Street was expecting — will go to ramping up production of cars, batteries and robots across half a dozen plants. To make room for new Optimus humanoids, Tesla will discontinue its two oldest vehicles, the Model S sedan and Model X SUV.
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