Meta’s record losing streak continues while Microsoft, chip stocks jump on AI earnings

The stock is down 12.5% over the past week and on track to hit 11 days in the red, its longest-ever losing streak.

Microsoft is spending heavily on AI but is also taking a “responsible” approach to its financials, an analyst said.

Profit fell 14% on legal bills and layoff costs, even as Zuckerberg pitches AI as personal superintelligence for everyone.

Yesterday, both Microsoft Corporation (Nasdaq: MSFT) and Meta Platforms, Inc. (Nasdaq: META) reported their most recent quarterly results. The companies are not only two of America’s biggest tech giants but also among the most significant players in the AI space. Yet the similarities end when you look at their stock pr

Microsoft CEO Satya Nadella Sven Hoppe/picture alliance via Getty Images This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Meta's message to investors: The AI spending will continue until returns improve. Investors' response: No thank

Meta Slips and Microsoft Soars on AI Earnings  WSJ

Microsoft posted strong Azure and Copilot growth, while Meta missed revenue guidance forecasts as free cash flow plunged leading to diverging stock moves.

Microsoft reported record quarterly profit and forecast accelerating Azure growth, while Meta’s profit and margins were hit by severance costs and legal expenses.

Oil prices got back to jumping, while sinking technology stocks dragged Wall Street lower amid uncertainty about what the Federal Reserve will do to get high inflation under control

Some investors are concerned that tech giants’ enormous AI spending is unsustainable.