From Quartz.
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Major tech companies reported quarterly results as investors prioritized measurable AI returns, margins, and guidance.
Big Tech earnings highlighted a shift from AI hype to profit accountability. Apple posted $143.8 billion in revenue and stronger iPhone and Greater China sales, while Microsoft Azure and Microsoft Cloud growth reinforced AI demand signals.
Meta reported higher revenue and a 41.3% operating margin, funding AI spending alongside tighter Reality Labs focus and higher 2026 capex plans. Tesla delivered mixed results with $24.9 billion revenue, 17.9% auto margins, and energy growth as investors assessed spending and guidance. The update contrasts firms funding AI from profits with those facing capex scrutiny. #bigtech #earnings #apple #meta
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