Microsoft's $100 Billion Azure Breakout Silences the AI Capex Bears While Meta Pays the Price
Microsoft's fiscal Q4 2026 report sent Azure past $100 billion for the year and the stock up 15.51%, one of the largest single-day market-value gains ever — while Meta's earnings miss and capex raise 48 hours earlier sank its shares 7.95%. A look at what split the AI capex trade in two.