Wall Street Breakfast Podcast: Big Tech Delivers, Capex Jumps
Alphabet reported strong financial results with a 22% revenue increase, surpassing expectations and marking 11 straight quarters of double-digit growth, while also raising its dividend. Meta met earnings expectations but saw investor concerns due to weak guidance despite a significant increase in capital expenditures. Amazon briefly made headlines for an unrelated comment about rebooting 'The Apprentice,' amid broader Big Tech trends of rising capex and solid financial performance.
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