Microsoft surges 8% as Meta tumbles 10% after sharply contrasting AI earnings

Microsoft (NASDAQ: MSFT) climbed 8% after Wednesday’s closing bell, while Meta Platforms (NASDAQ: META) sank 10%. Microsoft reported adjusted earnings of $4.74 per share in the fiscal fourth quarter ended June 30, 2026, exceeding LSEG’s $4.24 expectation. Sales totaled $90.01 billion, exceeding the $87.62 billion projection. Meanwhile, Meta earned $6.18 per share, less than the...