How tech giants play off of each other's earnings: Strategist

), issued earnings last week. Some of the reports announced plans for major capital expenditures toward the development of AI projects.

"Meta came out first, and they guided below the Street for next quarter's revenues, but then they took up their cap-x as well as their expenses. Google came out after that, and remember, Meta went down 11%, and Google initiated a dividend, which was great, but if you look at the forward numbers, actually, the estimates across the Street actually edged down for revenues for their upcoming June quarter as well.

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