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Key Facts on Big Tech Investments
Meta Platforms (NASDAQ: META) has over 3.4 billion daily users across its various services and plans to spend $66 billion to $72 billion on infrastructure this year, including expanding AI capabilities. Its stock is up 30% year-to-date, with Q2 revenue growing 22% year-over-year and adjusted earnings per share rising 38%. Analysts project a 17% annual earnings growth rate moving forward.
Alphabet (NASDAQ: GOOGL) saw its ad revenue reach $71 billion last quarter, a 10% year-over-year increase, accounting for 76% of the company’s total revenue. Its Gemini AI is enhancing user engagement and enterprise solutions, with Google Cloud revenue growing 32% year-over-year. Alphabet’s capital expenditures are now projected at approximately $85 billion for 2025, up from $75 billion.
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