Microsoft posts record profit as shares surge 10%, while Meta disappoints

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

Meta shares drop as Q2 profit declines due to legal expenses and severance costs  AP News

Mark Zuckerberg under pressure over huge AI spending

Aim of takeover bid for MPS is to make group even more solid says Messina

Shares in Europe and Asia are mixed, while South Korea’s Kospi share index fell 6% in another bout of selling of chipmaking shares

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, SK Hynix sha

SemiconductorsSouth Korean chipmaker's earnings come as concerns rise over broader AI-fueled boomSouth Korean chipmaker SK Hynix has benefited from the ongoing boom in demand for semiconductors spurred by artificial intelligence. (Photo by Ahn Seong-bok)STEVEN BOROWIECJuly 29, 2026 08:52 JSTUpdated on July 29, 2026 11:

SK hynix reported record quarterly earnings for the second quarter on Wednesday, with operating profit of 60.54 trillion won ($41.6 billion), a 557.2 percent jump from a year earlier as memory prices for AI servers kept climbing. Revenue reached 79.32 trillion won, up 256.8 percent on-year and 51 percent from the first

Cost-to-income ratio dropped to 41.4 per cent from 57 per cent one year prior, strengthening earnings.