PremiumAs if today wasn't busy enough, with the Fed's hawkish non-hike decision, Korea's collapsing memory bubble, and the war in Iran returning, after the close we have two hyperscalers to look forward to, or at least their capex forecasts: Microsoft and Meta. Here's what Wall Street expects today courtesy of JPM and UBS:MSFT
"The Most Closely Watched AI Trades": What To Expect From Meta And Microsoft After The Close
MSFT is the biggest funding short, while META heads into earnings as one of the market's most closely watched AI trades, with investor focus centered on whether mgmt can begin connecting elevated infrastructure spending to credible long-term revenue.
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