Wall Street had very different reactions to two of Big Tech’s biggest spenders after quarterly earnings reports came out on Wednesday. Wall Street has started to question when those investments will pay off, and analysts are giving some companies a much harder time than others. Meta reported capex of $22.1 billion for the fourth quarter and $72.2 billion for the year, up from 2024’s $39.2 billion. Read the original article on Business InsiderThe post Meta and Microsoft both blew their data center budgets last quarter. Wall Street is only mad at one of them.