Meta Sinks 8%, Continuing Record Losing Streak, While Microsoft Jumps 15% as AI Trade Splits The tech world was abuzz last week as Microsoft shares soared 15% on the back of its impressive earnings report, while Meta tanked nearly 8%.
This disparity in performance seems to underscore a fundamental difference in approach between these two companies. Microsoft's success can be attributed to its steady march towards becoming a cloud computing behemoth.
The company has made significant strides in this area, with over 30 million paid seats for Microsoft 365 Copilot – up from just 20 million in April.