Meta raised its capital expenditures guidance for 2025 to $64 billion to $72 billion, signaling huge AI investment by Big Tech is still underway.

(Reuters) -Shares in artificial intelligence and cloud-computing-related companies were rising sharply in late trade on Wednesday after Meta Platforms and Microsoft results beat Wall Street expectations.

Microsoft (NASDAQ: MSFT), and what their recent news means for AI stock investors. To learn more, check out the short video, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of April 30,

CFO Amy Hood touted Microsoft's 50th anniversary and AI agents in an internal memo about the quarter.

Cloud growth appears to be the main driver of improved revenues, with overall Microsoft Cloud revenue reaching $42.4 billion, up 20 percent. Microsoft hasn’t split out its AI re