AI Had to Show Its Work Last Night. Meta, Microsoft, and Amazon Delivered.
This was the quarter where Wall Street stopped taking AI spending on faith. Last night, Meta, Microsoft, and Amazon all reported — and the results mostly backed up the hype. We break down what the numbers say about AI monetization, what Azure growth signals for the sector, and what it means that three companies are collectively spending close to $700 billion on AI this year and still growing earnings.
The skinny
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