It has been a busy week for both Wall Street and Silicon Valley as many tech companies unveil their Q4 2024 earnings reports. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸 Meta Platforms (META) is in full focus as earnings season kicks off,

Investors punished Microsoft with a 6% share drop on Thursday as hefty AI bets failed to drive a big increase in its cloud revenue, while Meta rose 4% after CEO Mark Zuckerberg assured Wall Street about growth with promises of a "really big year".

The tech giants are keeping capital spending plans in line as DeepSeek raises questions about future computing needs.

Stephen Miller told Zuckerberg that the billionaire mogul had “an opportunity to help reform America, but it would be on Trump’s terms.”

Mark Zuckerberg said this year will be a "defining" year for AI, announcing plans to spend over $60-$65 billion in capital expenditures.

Jeff Bezos, Mark Zuckerberg, Elon Musk, and other tech leaders are providing Trump with a warmer welcome to the White House than eight years ago.

Mark Zuckerberg is reportedly seeking to align with Trump by buying property in D.C. and advising on AI, signaling a shift from their past conflicts.

The cofounder and CEO of Meta doubled down on plans to spend hundreds of billions of dollars on AI infrastructure as China's DeepSeek raises questions about the costs of the AI arm's race.

Microsoft shares dropped 5 per cent, while Meta was up 2 per cent after their October-December Q1 results, both companies posted profits, according to AP reports.

Following $500 billion Project Stargate launch, Meta is also dolling out the dollars Meta's $65 billion is lower than Microsoft's $80 billion commitment AWS is set to spend more than $75 billion while Google has yet to say how much it will spend If you have a few hundred billion dollars burning a hole in your pocket,