Microsoft's Xbox hardware revenue continues to tumble, with the company revealing a 33 percent decline as part of its earnings report released on Wednesday. Even though the rest of Microsoft's consumer-focused division took a dip, the company's cloud and productivity businesses continue to soar, driving the company toward $82.9 billion in revenue. Along with declining […]

Jonathan Vanian / CNBC:
Meta reports Reality Labs Q1 revenue of $402M, vs. $488.8M est., and a $4.03B operating loss, vs. $4.82B est.; Reality Labs has $80B+ in losses since late 2020  —  As Meta pumps increasing amounts of cash into artificial intelligence, the company's metaverse efforts continue to bleed money.

Jordan Novet / CNBC:
Microsoft's Q3 Intelligent Cloud revenue was $34.68B vs. $34.27B est., with Azure and other cloud services surging 40% YoY; Microsoft 365 Copilot has 20M+ seats  —  Microsoft shares slipped 1% on Wednesday after the software maker reported more robust fiscal third-quarter results than analysts had expected.

Google Search queries hit an "all time high" in the first quarter of 2026, according to a statement from CEO Sundar Pichai published as part of Alphabet's earnings on Wednesday. "Our AI investments and full stack approach are lighting up every part of the business," Pichai says. "Search had a strong quarter with AI experiences […]

Riley Griffin / Bloomberg:
Meta raises its 2026 capex to between $125B and $145B, exceeding analysts' estimates, after previously forecasting $115B to $135B; META drops 6%+ after hours  —  Meta Platforms Inc. raised its spending outlook for the year, extending its streak of plowing historic levels of investment …