WS #13070
MSFT reported Azure growth of 43%, revenue of $90B, EPS beat, and commercial backlog surged 84% to $678B, validating AI capex thesis and driving a historic market value increase. Leopold Aschenbrenner's hedge fund completely unwound its portfolio after leveraged AI bets failed, with up to $24B in assets sold, removing a major overhang on AI/tech stocks. META stock plunged -9% after reporting mixed Q2 results with legal charges, severance costs, and a weak revenue forecast, with capex guidance of ~$137.5B raising free cash flow concerns.
Microsoft Blowout Earnings
MSFT reported Azure growth of 43%, revenue of $90B, EPS beat, and commercial backlog surged 84% to $678B, validating AI capex thesis and driving a historic market value increase.
Leopold Aschenbrenner's hedge fund completely unwound its portfolio after leveraged AI bets failed, with up to $24B in assets sold, removing a major overhang on AI/tech stocks.
META stock plunged -9% after reporting mixed Q2 results with legal charges, severance costs, and a weak revenue forecast, with capex guidance of ~$137.5B raising free cash flow concerns.