On this episode of Stock Movers, we take a look at some of the days's biggest gainers and decliners:
- Meta (META) shares dropped in the aftermarket as the company said it expects total expenses to significantly increase in 2026, and will continue to invest at historic levels in artificial intelligence. The company also reported third-quarter net income of $2.71 billion, which included a one-time, non-cash income tax charge of $15.9 billion due to the implementation of the tax bill signed into law in July, Meta said in the statement.
- Microsoft (MSFT) shares slipped in extended trading after the company reported a steeper climb in spending than Wall Street expected, fueling anxieties about the high costs of providing AI infrastructure.
- Alphabet (GOOGL) shares rose after the large cap reported quarterly sales that beat analysts’ estimates, buoyed by the performance of its cloud unit, which is surging as artificial intelligence startups seek Google’s support and computing power.
- Shares rose as much as 7.5% in extended trading.
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