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United States/Economy/Microsoft stock plunges on AI spending concerns while Meta reports strong sales
Microsoft stock plunges on AI spending concerns while Meta reports strong sales
Jan 30, 202668 sources
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Jan 30, 2026Microsoft stock plunges on AI spending concerns while Meta reports strong sales68 sources
Summary
Microsoft's stock price fell sharply, wiping out hundreds of billions of dollars in market value. The drop came after the company reported strong quarterly earnings but also revealed heavy spending on data centers for artificial intelligence, which worried investors.
Meta, the parent company of Facebook and Instagram, reported record quarterly sales. Its stock price rose despite the company announcing a sharp increase in its own spending to build AI systems. The Federal Trade Commission said it will appeal a recent court decision that went in Meta's favor in an antitrust case.
In other news, Elon Musk is reportedly considering a merger between his companies SpaceX and Tesla. Musk is also seeking up to $134 billion in damages from OpenAI and Microsoft in a lawsuit. Tesla was granted a five-week extension in a U.S. government investigation into its self-driving technology.