Meta Drops 10% as Cash Burn Reaches Crisis Levels
Meta shares fell 10% after Q2 2026 earnings revealed the company burned through nearly all its free cash flow in one quarter, driven by massive AI infrastructure spending. The results raised questions about the sustainability of Meta's AI investment strategy.
Alphabet Q2 2026: Cloud Revenue Up 82%, Gemini Hits 950 Million Users
Alphabet reported Google Cloud revenue up 82% year-over-year and announced Gemini now has 950 million monthly active users. The results demonstrate that AI is driving massive growth across Google's product portfolio.
Microsoft Azure Crosses $100 Billion Annual Revenue, Copilot Hits 30 Million Seats
Microsoft reported Azure revenue surpassing $100 billion annually, driven by AI demand. Copilot now has 30 million paid seats across Microsoft 365, making it the fastest-growing enterprise product in the company's history.
Microsoft Books $3.2 Billion Gain on Anthropic, Writes Down OpenAI Stake
Microsoft's fiscal Q4 2026 results included a $3.2 billion gain from its Anthropic investment, against a roughly $600 million write-down on its OpenAI stake. The mixed results highlight the diverging trajectories of AI's two leading labs.
Google's AI Spending Projections Surge to $205 Billion, Rattling Wall Street
Alphabet revealed AI infrastructure spending projections reaching $205 billion, significantly exceeding analyst expectations. The massive expenditure sent Google shares down 6% as investors questioned the return on investment timeline.
Anthropic Posts First-Ever Operating Profit of $559M as Q2 Revenue Hits $10.9B
Anthropic reported its first-ever operating profit of $559 million on $10.9 billion in Q2 2026 revenue, driven by surging Claude enterprise adoption and the $45 billion SpaceX Colossus compute deal.