The AI Earnings Split Has Arrived

Microsoft jumped 9% while Meta cratered 9% in Thursday premarket trading — and the split tells you everything about where the AI trade stands. Microsoft posted 43% Azure growth and revealed it now has over 30 million paid Microsoft 365 Copilot seats, up from 20 million in April. Forrester analyst Tracy Woo called it evidence that Microsoft's $190 billion data-center buildout is "beginning to deliver returns." Meta, by contrast, reported revenue guidance of **$62.5...