"Microsoft gained 5.57% over the last week ahead of Wednesday's fiscal Q2 results, with Wedbush analyst Dan Ives maintaining his $625 price target on expectations of "robust" Azure performance. The company recently secured approval for 15 additional data centers in Wisconsin, part of a broader infrastructure push that will more than double capital expenditures by fiscal 2026. Analysts will be watching Azure growth rates in the earnings report, as cloud revenue acceleration would validate the company's massive infrastructure investments."
"Meta climbed 8.4% over the past week to $672.36, buoyed by announcements of major infrastructure partnerships including a $6 billion fiber-optic deal with Corning and a 1.2 GW nuclear power agreement with Oklo. Analysts project Q4 revenue of $58.44 billion when the company reports this week, representing 20.8% year-over-year growth. Analysts expect management to provide 2026 capital expenditure guidance during the earnings call."
The S&P 500 rose 0.33% on the day and 2.4% over the past week as investors positioned ahead of major technology earnings. Microsoft, Amazon and others are reporting soon, creating a test of whether premium valuations hold amid rising AI infrastructure costs. Microsoft outperformed on Azure optimism and recent approvals for 15 data centers, with capex set to more than double by fiscal 2026. Meta surged after announcing large infrastructure deals and faces scrutiny over aggressive AI data center buildouts and 2026 capex guidance. Healthcare insurers fell after a proposed 0.09% Medicare Advantage rate increase for 2027.
Read at 24/7 Wall St.
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