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Meta plunges after revenue guidance miss, Microsoft rallies on AI gains
Microsoft shares jumped 14% after strength in Azure and Copilot, while Meta dropped 9% following a free cash flow plunge and a revenue guidance miss.
CNBC reports that Meta shares sank about 9% as the company missed revenue guidance forecasts, extending a record losing streak.
The outlet added that Meta’s free cash flow also plunged, contributing to the selloff as investors reassessed the company’s outlook.
In contrast, Microsoft shares rose roughly 14%, supported by growth tied to Azure and Copilot, reinforcing investor demand for its AI-related products.
The contrasting moves underscored how investors are splitting their AI trade exposure between the two companies after their latest results and outlook updates, according to CNBC.