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Meta sees AI spending accelerating as earnings top forecasts

Mark Zuckerberg cites the potential for ‘strong’ returns in coming years on heavy investments in new technology
Business - Financial Times - October 31
Apple, Meta and Amazon must show the stock market that AI spending is paying off

Big-tech bellwethers facing scrutiny on whether they are meeting competitive challenges.
Business - MarketWatch - October 30
Cisco sees product orders accelerate in the AI era, and its outlook moves higher

Networking company sees a 20% boost in product orders for the latest quarter.
Business - MarketWatch - November 14
Meta and Microsoft Won’t Stop Spending on AI

Both tech giants reported strong third quarters but their stocks fell anyway.
Business - Inc. - October 31
Meta Earnings Show Revenue Increase, Even as Spending Spree Continues

The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.
Business - The New York Times - October 31
Meta misses on user growth, warns of 2025 jump in AI spending

Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.
Business - CNBC - October 30
Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI

Meta CEO Mark Zuckerberg explained on the earnings call how the speed of Meta's AI technology buildout led the company to lift guidance for capex.
Business - CNBC - October 31
Samsung falls short of expectations as chipmaker fails to reap AI benefits

Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK Hynix
World - Financial Times - October 31
Donald Trump and the autocrats' playbook

‘This is a man who should be nowhere near power’
World - Financial Times - October 31
UK Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing
World - Financial Times - October 31
Bank of Japan holds rates but signals normalisation still on track

Political uncertainty following election upset raises risks of abrupt policy shifts, warn analysts
World - Financial Times - October 31
FirstFT: US consumers continue to spend, spend, spend

Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election result
World - Financial Times - October 31
Making sense of sentiment

And Trump equity trades
World - Financial Times - October 31
Stellantis hit by sales slide in US and Europe

Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventory
World - Financial Times - October 31
Lonza Sees Accelerating Sales Growth in Final Quarter

The Swiss life-sciences company said it expected accelerated sales growth in the fourth quarter on the back of the timing of product releases and the ramp-up of its new acquired manufacturing ...
Business - The Wall Street Journal - October 24
Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's third-quarter expectations

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's Q3 expectations
Business - CNBC - October 29
Why Meta and Snap are spending billions on AR glasses

Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.
Business - CNBC - October 24
Airbus Revenue, Earnings Beat Forecasts

Airbus posted earnings and revenue above analysts’ expectations, highlighting diverging fortunes with Boeing a week after the beleaguered company reported a multibillion-dollar loss.
Business - The Wall Street Journal - October 30
One of our stocks is holding back the Dow as the S&P 500 and Nasdaq bounce back

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Business - CNBC - October 24
Palantir’s stock surges as AI drives a further acceleration in growth

Palantir’s CEO says the latest earnings are ”a slap in the face of people who continue to believe that the value of AI is solely in building AI large language models.”
Business - MarketWatch - November 5
ServiceNow rolls out enterprise AI governance capabilities to accelerate production deployment

ServiceNow is looking to solve a key enterprise AI adoption challenge, with the debut of new governance capabilities to give organizations more confidence in AI outcomes.
Tech - VentureBeat - November 13
Nvidia accelerates Google quantum AI design with quantum physics simulation

Nvidia it is working with Google Quantum AI to accelerate the design of its next-generation quantum computing devices using simulations powered by Nvidia.
Tech - VentureBeat - 3 days ago
Microsoft supercharges Fabric with new data tools to accelerate enterprise AI workflows

At Ignite, Microsoft shared several new enhancements for Fabric, setting up the platform as the unified data layer for next-gen AI apps.
Tech - VentureBeat - 2 days ago
Lloyds beats earnings forecasts as lending rises

Mortgage book grows as customers take advantage of fall in interest rates
Business - Financial Times - October 23
Thales Orders Beat Forecasts Amid Defense-Spending Surge

Thales posted orders above analysts’ expectations for the first nine months of the year as its defense and security business continued to benefit from robust military spending amid high ...
Business - The Wall Street Journal - October 23
Cramer’s week ahead: Earnings from Alphabet, Meta, Apple, Microsoft and Amazon

CNBC's Jim Cramer on Friday urged investors to keep a level head during next week's busy slate of corporate earnings and influential economic reports.
Business - CNBC - October 25
American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.
Business - CNBC - October 24
Meta just beat Google and Apple in the race to put powerful AI on phones

Meta has launched compressed AI models that run directly on smartphones, making artificial intelligence faster and more private while using less memory than cloud-based alternatives.
Tech - VentureBeat - October 24
Meta AI to Use Reuters Content to Answer User Questions in Real Time

Meta AI didn’t share whether it would use Reuters content to train its large-language model.
Business - Inc. - October 27
Meta’s Llama Used to Develop AI Model for China’s Military

Researchers connected to the People’s Liberation Army created a chatbot model based on Meta’s Large-Language Model AI.
Business - Inc. - November 1
Meta’s plan for nuclear-powered AI data centre thwarted by rare bees

Environmental issue disrupts search for energy deals amid a Big Tech race over artificial intelligence
Business - Financial Times - November 4
Meta unveils AI tools to give robots a human touch in physical world

Meta unveils three tools and benchmarks to enhance robot touch perception, dexterity, and human-robot collaboration in real-world settings.
Tech - VentureBeat - November 2

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