Shell's Profits Surge on Windfall From Continuing Middle East Conflict
Microsoft profits surge 31% as Azure passes $100B revenue on AI demand; Meta shares dive 10% as AI capex burns free cash flow below $1B. The earnings divergence signals competing AI ROI models reshaping tech capex strategies.
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.
Microsoft Profits Jump 31% as Azure Cloud Sales Surpass $100 Billion
Meta Stumbles as Tech Investors Demand Better Answers on AI Spending
Microsoft delivered a quarter of strong growth as demand for its AI products soared, while Meta’s rising spending overshadowed record sales
Oil Futures Edge Lower on Possible Technical Correction
Oil Extends Wednesday's Gains After U.S. Retaliates Against Iran