By WSJ Staff
Meta Platforms (META): The social-media company said it would "aggressively" raise spending to stay competitive in the artificial-intelligence arms race. That sent shares down more than 8.5% in premarket trading.
Alphabet (GOOG, GOOGL): Rival Alphabet had investors cheering its own AI spending plans, which accompanied a surge in advertising and cloud-computing revenue.
Microsoft $(MSFT)$: The company's quarterly revenue exceeded forecasts and its Azure cloud business grew by about 40%. But Microsoft boosted AI-related spending and took a $3.1 billion charge from its investment in OpenAI. Shares fell 2.7% before the open.
Apple $(AAPL)$ and Amazon (AMZN) are due to post earnings after Thursday's market close.
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(END) Dow Jones Newswires
October 30, 2025 08:48 ET (12:48 GMT)
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