WS #13074
Microsoft reported Azure revenue growth of 43%, its fastest in four years, driving shares up 15% and lifting semiconductor and cloud stocks. Meta's Q2 earnings missed estimates, free cash flow fell sharply, and Q3 revenue guidance was light, causing a 9% stock decline and raising doubts about AI spending returns.
Microsoft Earnings Beat Drives Tech Rally
Microsoft reported Azure revenue growth of 43%, its fastest in four years, driving shares up 15% and lifting semiconductor and cloud stocks.
Meta's Q2 earnings missed estimates, free cash flow fell sharply, and Q3 revenue guidance was light, causing a 9% stock decline and raising doubts about AI spending returns.