Shares of Microsoft surged nearly 15% on Thursday after the software giant reported stronger-than-expected quarterly results and robust growth in its artificial intelligence business. In contrast, Meta Platforms fell about 9% after disappointing investors with weaker earnings and a softer revenue forecast, highlighting how the AI race is creating clear winners and losers on Wall Street.
The sharp move pushed Microsoft toward one of its biggest single-day gains in years, while Meta extended its recent selloff, with the stock on track for an 11th straight losing session and down more than 20% over that period.
(It is a developing story)
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