The article discusses a crucial day in earnings season where major companies like Microsoft, Meta, and Tesla are set to report financial results. Wall Street's attention is directed towards understanding their capital spending plans following a recent market sell-off triggered by concerns about AI developments. Microsoft's earnings exceeded expectations, although its cloud revenue raised questions, while Tesla reported missing key revenue and EPS estimates despite growth in its energy sector. Stock prices for both companies fell, indicating investor concern over performance metrics.
Wall Street is focusing on capital spending plans following a market sell-off related to fears around DeepSeek and US leadership in AI.
Microsoft beat revenue and earnings expectations, but their cloud revenue performance will be a key point of discussion during their earnings call.
Tesla missed Wall Street’s revenue and EPS estimates, resulting in an immediate 3% drop in stock price despite growth in its energy business.
Amidst a busy earnings season, companies like Microsoft, Meta, Lam Research, and Tesla are reporting key financial metrics after a significant market sell-off.
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