Microsoft added nearly $500 billion in market value in a single trading session after reporting Azure revenue surpassing $100 billion for the first time, with Microsoft Cloud revenue up 27% year-over-year to $59.3 billion. Samsung, however, saw its stock price fall despite a record $62 billion profit, a 19-fold increase, and Meta was punished despite growing revenue. Market watchers are divided on the interpretation: is this financial nihilism, or proof that AI is finally generating real revenue? The volatility was amplified by the forced unwind of a leveraged hedge fund and by massive AI infrastructure investments, with roughly $1.5 trillion in combined capital expenditures planned by major tech companies.
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