Just In: $META Up 3% Premarket Trading Today After Q4 Beat.

In a surprising turn of event, shares of Microsoft fell in Europe on Thursday after it issued a downbeat forecast for its cloud business, while Facebook parent Meta shares (META) rose after beating expectations, as investors scrutinised the companies' spending on artificial intelligence.

Microsoft shares traded down 4.5% on the Frankfurt market, having fallen a similar amount in after-hours trading on Wednesday and finishing the regular session down 1.1%.

Meta shares however, opened up 2.5% in Germany, having risen 2.1% after the closing bell and ending the regular session up 0.3%.

Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI computing that shook the U.S. technology industry, the chief executives of Microsoft and Meta defended massive spending that they said was key to staying competitive in the new field.

Meta CEO Mark Zuckerberg said Wednesday’s that the rapid rise of competitors from China has only strengthened the tech giant’s commitment to its AI ambitions.

The CEO said it’s too early to know how growing competition from China could impact its future investments. Meta reiterated its forecast of $60 billion to $65 billion in capital expenditures this year.

Technical Outlook
as of the time of writing, META shares is up 2.81% in Thursday's premarket session. META closed Wednesday's session with the overbought Relative Strength Index (RSI) of 71.87. however, META doesnt seem to be cooling off any moment with the shares moving above key MA this only solidifies the fact that META could bridged the $700 pivot point. However, in the case of a drawback, META's should find support in the 38.2% Fibonacci retracement point a level that aligns with the $640 price action.