WS #13062
Microsoft stock on track for biggest daily gain since 2008 after crushing earnings, with Azure 43% growth easing AI spending concerns; supported by large dark pool buys and analyst PT raises. Leopold Aschenbrenner's hedge fund sold entire public equity portfolio after heavy losses, triggering a rally in former long positions and interpreted as a bottom for AI trade. Multiple analysts cut price targets on Meta after Q2 earnings miss and high expenses, providing a counterpoint to the tech rally.
Microsoft earnings beat and historic rally
Microsoft stock on track for biggest daily gain since 2008 after crushing earnings, with Azure 43% growth easing AI spending concerns; supported by large dark pool buys and analyst PT raises.
Leopold Aschenbrenner's hedge fund sold entire public equity portfolio after heavy losses, triggering a rally in former long positions and interpreted as a bottom for AI trade.
Multiple analysts cut price targets on Meta after Q2 earnings miss and high expenses, providing a counterpoint to the tech rally.