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Microsoft shares dropped 10% post-earnings while Meta surged similarly amid strong price swings driven by better-than-expected earnings and active options straddle trading this quarter.
Tech stocks fell sharply with Microsoft sinking on AI competition concerns, while Meta rallied post-earnings. Software and data analytics sectors faced strong selling pressure amid fears about AI-dri…
Microsoft's disappointing earnings revealed higher AI spending and slower cloud growth, triggering a sharp 9.99% stock decline and broader tech selloff including ServiceNow and Workday, while Meta ra…
Nasdaq and S&P 500 declined with tech as the weakest sector. Meta outperformed with a 10% gain, Microsoft dropped sharply, while Apple and Tesla showed marginal moves ahead of earnings reports. Overa…