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Tesla shares reversed after-hours gains following CFO Vaibhav Taneja's announcement of over $25 billion in capital expenditures for 2026, with spending focused on batteries, robotaxis, AI computing, and next-generation AI5 chip development, while warning of negative free cash flow ahead.
Alphabet Inc. posted robust Q4 results, beating forecasts with 18% revenue growth and a 32% EPS jump, while addressing investor concerns over a near-doubling of capital expenditures driven by AI investments.
Meta Platforms receives investor approval for up to $135 billion in AI capital expenditures as advertising revenue surges 24% year-over-year to $58.1 billion, demonstrating ability to fund AI ambitions through core business cash generation rather than debt, sending shares up over 10%