Microsoft Profits Jump 31% as Azure Cloud Sales Surpass $100 Billion

Software giant ends fiscal year with $90 billion in quarterly sales, beats Wall Street expectations.

Meta Misses Revenue Forecast, Stock Slides on AI Costs

An update on the company's AI spending plans and the shrinking of free cash flow to less than $1 billion raised concerns from investors about the cost of its infrastructure buildout.

Qualcomm Profit Declines, Dented by Higher Costs