Big Tech Earnings Split: Microsoft Wins, Alphabet Stumbles
Two tech giants reported the same night and got opposite reactions. Microsoft beat on every line — Azure up forty-eight percent, ninety-two billion in revenue, a six-hundred-seventy-seven-billion-dollar backlog — and its filing disclosed ten billion in OpenAI revenue. Alphabet missed on ads and profit, with AI Mode squeezing search revenue per query and free cash flow going negative.
The skinny
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