AI Giants Deliver Mixed Earnings As Capex Boom Accelerates

Benzinga

Alphabet shares jumped 6.2% after strong Q3 results, while Microsoft fell 3.4% and Meta dropped over 8% due to a $16 billion charge tied to Trump’s Big Beautiful Bill. Despite mixed earnings, the three tech giants boosted capital spending 88% year-over-year, underscoring the AI investment surge.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Alphabet shares rose 6.2% in after-hours trading after beating third-quarter revenue estimates,

00:07while their AI-focused tech giant saw mixed results according to Reuters.

00:11Microsoft shares fell 3.4% despite surpassing revenue estimates,

00:14as strong cloud growth showed continued corporate spending on AI services amid bubble concerns.

00:20Meta shares fell over 8% after reporting a nearly $16 billion one-time charge

00:24tied to Trump's Big Beautiful Bill, forecasting higher 2026 capital spending.

00:28If you buy the Trio's capital spending, jump 22% sequentially and 88% year-over-year,

00:34signaling no slowdown in the AI investment boom.

00:36For all things money, visit Benzinga.com.

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