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Microsoft shares rose roughly 9% and Meta Platforms fell nearly 9% in the same session after quarterly earnings produced sharply different results for two of the largest companies in the AI trade.
Microsoft reported strong growth in Azure, its cloud computing unit, and in Copilot, its AI product line. Meta missed revenue guidance forecasts, and free cash flow plunged.
Microsoft's quarter: Azure and Copilot growth Microsoft's earnings showed strength in Azure and Copilot, the company said. The two product lines drove a share gain of roughly 9%.
Meta's quarter: a revenue miss and falling cash flow Meta's results fell short of revenue guidance forecasts, according to the release. Both shortfalls registered in the same quarter, and shares declined nearly 9%.
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