Pre-market trading in US stocks: Google Class A shares up about 7%, Meta down about 7%
Before the US stock market opens, Google Class A shares rose by about 7%, with the company's Q3 performance exceeding expectations across the board, raising capital expenditures to $93 billion. Meta fell by about 7%, with a one-time tax expense causing quarterly profits to plummet by 83%, and capital expenditures expected to increase significantly next year. Microsoft fell by about 3%, with the company's revenue in the previous quarter increasing by nearly 20%, but Azure Cloud's growth was not impressive enough, and AI spending exceeded expectations.
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