Instant Reaction Earnings Roundup: Microsoft, Meta & Tesla Deliver Results

<p>Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec break down earnings from Tesla, Microsoft and Meta as heard live on Bloomberg Radio and on YouTube.<br /><br />Microsoft's spending surged to a record high and cloud sales growth slowed, sending the shares down amid investor concerns that it could take longer than expected for the company&rsquo;s AI investments to pay off. Microsoft shares fell about 5% in extended trading after closing at $481.63 in New York.<br /><br />Meta Platforms topped projections for quarterly revenue and gave a strong forecast for the current period, boosted by a robust online advertising business that is making it possible for the company to invest in artificial intelligence at record levels this year. The social-media company&rsquo;s shares jumped more than 11% in extended trading. Meta on Wednesday said first-quarter sales will be $53.5 billion to $56.5 billion, beating the $51.3 billion average analyst estimate.<br /><br />And Tesla plans to invest about $2 billion into xAI, giving Elon Musk&rsquo;s artificial-intelligence startup a cash infusion despite a shareholder vote last year that failed to win approval. Its shares rose in extended trading.<br />Carol and Tim speak with:</p> <ul> <li>Bloomberg Intelligence Senior Technology Analyst Anurag Rana</li> <li>James Cakmak, Co-Founder and Chief Investment Officer at Clockwise Capital</li> <li>Bloomberg News Senior Technology Reporter Kurt Wagner</li> <li>Bloomberg Tech Co-Host Ed Ludlow</li> <li>Bloomberg Intelligence Global Autos and Industrials Research Manager Steve Man</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>