
U.S. stock pre-market: Alphabet A rises about 7%, Meta falls about 7%
Before the US stock market opens, Alphabet (Google A) is up about 7%, with the company's Q3 performance significantly exceeding expectations and capital expenditures raised to $93 billion.
Meta is down about 7%, with one-time tax expenses causing quarterly profits to plummet by 83%, and a significant increase in capital expenditures expected next year.
Microsoft is down about 3%, with the company's last quarter revenue growing nearly 20%, but Azure cloud growth not being impressive enough, while AI spending greatly exceeded expectations
