Big Tech earnings show investor willingness to overlook high AI spending for growth. Microsoft lost 10% of its market value after cloud business disappointment, while Meta gained 10%. Meta’s AI-driven ad targeting led to a 24% revenue boost. Microsoft under pressure to justify capital outlay. Tesla doubling spending to $20 billion for AI, robots, and self-driving cars.

Read more at Yahoo Finance: Microsoft plunges, Meta rallies as investors demand AI payoffs