Microsoft (MSFT) Soars, Meta (META) Sinks After Earnings—Here’s Why
Social media giant Meta Platforms, Inc. (NASDAQ:META)'s core business remained strong this quarter, with revenues climbing 28% year over year to $60.8 billion and exceeding the consensus estimate of $60.19 billion.The tech giant also forecast that Azure revenue would grow by approximately 45% in constant currency. Monetizing AI at several levels, investors could see greater visibility into the returns of Microsoft's spending.Strong contracted demand further supported the investment case, with commercial rem ...