WS #13020
META shares fell for a 10th straight day after Q3 revenue guidance of $62.5B missed $63.2B consensus, with costs up 55% YoY and Reality Labs losses mounting. MSFT reported Azure revenue surpassing $100B run rate with 43% YoY growth, and positive commentary on AI ROI from Copilot, providing a bullish counter to the tech selloff. LRCX reported a double beat with record revenue and margins, and strong Q3 guidance, sending stock up ~7% after-hours on sustained AI-driven semiconductor demand.
Meta Platforms historic losing streak and weak guidance
META shares fell for a 10th straight day after Q3 revenue guidance of $62.5B missed $63.2B consensus, with costs up 55% YoY and Reality Labs losses mounting.
MSFT reported Azure revenue surpassing $100B run rate with 43% YoY growth, and positive commentary on AI ROI from Copilot, providing a bullish counter to the tech selloff.
LRCX reported a double beat with record revenue and margins, and strong Q3 guidance, sending stock up ~7% after-hours on sustained AI-driven semiconductor demand.