WS #13022
Meta's Q3 revenue guide miss and 91% FCF collapse drive 10-day losing streak, raising doubts about AI capex returns. Qualcomm guides Q4 handset revenue ~$5.2B and flat IoT, with price hikes starting September 1st. Microsoft beats with $90B revenue and Azure surpassing $100B run rate, providing concrete AI monetization evidence.
META earnings disaster and AI spending concerns
Meta's Q3 revenue guide miss and 91% FCF collapse drive 10-day losing streak, raising doubts about AI capex returns.
Qualcomm guides Q4 handset revenue ~$5.2B and flat IoT, with price hikes starting September 1st.
Microsoft beats with $90B revenue and Azure surpassing $100B run rate, providing concrete AI monetization evidence.