Tech Debate: Meta's Q2 Revenue Up 28%, Yet Stock Drops 10%; Microsoft Grows Only 18%, Yet Shares Rise 3%

Wednesday, July 29, was a major earnings day, with both Microsoft and Meta, the parent company of Facebook, releasing their financial reports after the close of U.S. stock trading.

Meta's second-quarter revenue reached $60.8 billion, a 28% year-over-year increase, with net profit hitting $15.8 billion. Microsoft also delivered solid results, reporting revenue of $90.01 billion for the April to June period, surpassing analysts' expectations of $87.62 billion and growing approximately 18% compared to the same period last year.

Last week, Meta launched a public relations campaign centered on 'AI optimism,' positioning itself as a company supporting the widespread adoption of AI, thereby differentiating itself from its peers.

However, the after-hours market reactions were starkly different: Meta, whose revenue grew nearly 30%, plummeted 10%, while Microsoft's stock rose 3%. What explains this divergence?

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