Wedbush Securities analyst Dan Ives expects Meta Platforms Inc. (NASDAQ:META) and Microsoft Corp. (NASDAQ:MSFT) to stand firm on their ambitious artificial intelligence spending plans during their upcoming earnings calls, despite recent market jitters over Chinese AI startup DeepSeek‘s emergence.
What Happened: Ives, writing on X on Tuesday, said he anticipates both tech giants to reiterate their substantial 2025 AI-driven capital expenditure targets – $60-65 billion for Meta and $80 billion for Microsoft – during their Wednesday earnings calls.
The analyst’s comments come as both companies prepare to report quarterly results amid market uncertainty triggered by DeepSeek’s surprise announcement of a new large language model that reportedly cost just $6 million to develop using restricted Nvidia Corp. (NASDAQ:NVDA) chips.
While DeepSeek’s achievement sent tremors through tech stocks, On Monday, Ives dismissed …
Full story available on Benzinga.com
Wedbush Securities analyst Dan Ives expects Meta Platforms Inc. (NASDAQ:META) and Microsoft Corp. (NASDAQ:MSFT) to stand firm on their ambitious artificial intelligence spending plans during their upcoming earnings calls, despite recent market jitters over Chinese AI startup DeepSeek‘s emergence.
What Happened: Ives, writing on X on Tuesday, said he anticipates both tech giants to reiterate their substantial 2025 AI-driven capital expenditure targets – $60-65 billion for Meta and $80 billion for Microsoft – during their Wednesday earnings calls.
The analyst’s comments come as both companies prepare to report quarterly results amid market uncertainty triggered by DeepSeek’s surprise announcement of a new large language model that reportedly cost just $6 million to develop using restricted Nvidia Corp. (NASDAQ:NVDA) chips.
While DeepSeek’s achievement sent tremors through tech stocks, On Monday, Ives dismissed …
Full story available on Benzinga.com
Wedbush Securities analyst Dan Ives expects Meta Platforms Inc. (NASDAQ:META) and Microsoft Corp. (NASDAQ:MSFT) to stand firm on their ambitious artificial intelligence spending plans during their upcoming earnings calls, despite recent market jitters over Chinese AI startup DeepSeek‘s emergence.
What Happened: Ives, writing on X on Tuesday, said he anticipates both tech giants to reiterate their substantial 2025 AI-driven capital expenditure targets – $60-65 billion for Meta and $80 billion for Microsoft – during their Wednesday earnings calls.
The analyst’s comments come as both companies prepare to report quarterly results amid market uncertainty triggered by DeepSeek’s surprise announcement of a new large language model that reportedly cost just $6 million to develop using restricted Nvidia Corp. (NASDAQ:NVDA) chips.
While DeepSeek’s achievement sent tremors through tech stocks, On Monday, Ives dismissed …Full story available on Benzinga.com Read Moreartificial intelligence, benzinga neuro, DeepSeek, Equities, META, MSFT, News, NVDA, Markets, Tech, MSFT, US5949181045, NVDA, US67066G1040, META, News, Equities, Markets, Tech, Benzinga Markets
