Big Tech Special: Meta, Microsoft, Alphabet & Amazon Deliver Earnings

<p>The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.</p> <p>Four of the biggest companies in the US: Alphabet, Amazon, Meta and Microsoft all reported earnings after the bell. <br /><br />- Meta Platforms shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it&rsquo;s making to build artificial intelligence models won&rsquo;t pay off.<br /><br />- Microsoft's cloud business reported growth that narrowly beat analysts&rsquo; estimates, disappointing investors concerned that the company isn&rsquo;t fully capitalizing on demand for AI services. <br /><br />- Amazon spent more than anticipated to expand data center capacity in the quarter, fueling the fastest sales growth for its cloud unit in more than three years.<br /><br />- Alphabet (GOOGL) reported quarterly revenue and profit that beat projections, fueled by strong growth in its cloud computing unit, signaling that the internet giant&rsquo;s unprecedented investments in AI infrastructure are beginning to pay off.</p> <p>For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:</p> <ul> <li>Ed Ludlow, cohost of Bloomberg Tech</li> <li>Ron Westfall, HyperFRAME Research Infrastructure and Networking VP &amp; Practice Leader</li> <li>Anurag Rana, Bloomberg Intelligence Senior Technology Analyst</li> <li>Matt Day, Bloomberg News Technology Reporter</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>