"The Most Closely Watched AI Trades": What To Expect From Meta And Microsoft After The Close

Microsoft 'back on track', whilst Meta spending leaves investors 'nervous'

Microsoft revenue $90bn (+18%), Azure +43%, Copilot 30M users; enterprise shifted from pilot to production deployment (50k-500k workers). Meta's record revenue masked 55% spending surge and cash flow collapse ($8.55bn→$784m), raising investor concerns over unsustainable $130-145bn capex forecast.