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Meta and Microsoft Showed Good Profits, But Predict Downside and More Investment in AI

  • Meta and Microsoft reported good profits in the Q3 and year-to-date earnings.
  • They forecast lower profits next quarter and more investment in AI development.
  • Meta and Microsoft shares decreased in after-hours trading, namely 3.18% and 3.71% respectively.
  • Despite the positive earnings, investors are concerned about the decline in revenues and the need for continued investment in AI.

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