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Dan Ives Expects Meta And Microsoft To Stand Firm On $60 - $80 Billion AI Spending Plans Amid DeepSeek's Disruptive AI Model

Benzinga LogoBenzinga1d ago

Dan Ives Expects Meta And Microsoft To Stand Firm On $60 - $80 Billion AI Spending Plans Amid DeepSeek's Disruptive AI Model - Benzinga

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Wedbush Securities analyst Dan Ives expects Meta Platforms Inc.(NASDAQ:META) and Microsoft Corp.(NASDAQ:MSFT) to stand firm on their ambitious artificial intelligence spending plans during their upcoming earnings calls, despite recent market jitters over Chinese AI startup DeepSeek‘s emergence.

What Happened: Ives, writing on X on Tuesday, said he anticipates both tech giants to reiterate their substantial 2025 AI-driven capital expenditure targets – $60-65 billion for Meta and $80 billion for Microsoft – during their Wednesday earnings calls.

The analyst’s comments come as both companies prepare to report quarterly results amid market uncertainty triggered by DeepSeek’s surprise announcement of a new large language model that reportedly cost just $6 million to develop using restricted Nvidia Corp.(NASDAQ:NVDA) chips.


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Article Details

Author / Journalist: Kaustubh Bagalkote

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-29 @ 04:04:15 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 25597319

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