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Meta tanks nearly 9%, Microsoft jumps 8% as the AI trade splits Big Tech
Microsoft's stock rose 8% due to strong Azure and Copilot growth, while Meta's stock fell nearly 9% after missing revenue forecasts and experiencing a free cash flow decline.
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Adjacent reporting
- Meta shares tumble 10% as Mark Zuckerberg’s AI spending spree stuns Wall Street
- Meta stock drops 10% as free cash flow gets crushed—and Zuckerberg hints at launching cloud business with few details
- Meta shares jump 10% after reports company is selling excess AI computing power
- Meta Shares Fall as Investors Weigh Tech Prospects