What to expect from Meta Platforms, Microsoft earnings after the bell

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Meta Platforms Inc,Technology,Investment Strategy

Another busy day of megacap technology earnings kicks off Wednesday with results from Meta Platforms and Microsoft after the bell.

Capital expenditures spending remain top of mind for investors this reporting season after concerns about the payoffs from artificial intelligence investments dented sentiment and pressured the behemoths earlier this year. Those concerns haven't dissipated, with D.A. Davidson analyst Gil Luria noting that capex figures are the "best indicator of NVDA demand." Citi's Ronald Josey thinks that these projections could, however, come in on the conservative side.

mountain Shares this year Rosenblatt's Barton Crockett views the high end of Meta's third-quarter guide as attainable due to ongoing tailwinds from AI innovation and a lift to advertising return on investment. He noted that the company has met or come within 1% of the high end of its next quarter guide over the last year and a half.

mountain Microsoft year-to-date performance In fact, dour sentiment and share underperformance create an attractive setup for the company as Azure growth and demand stabilize, said Morgan Stanley's Keith Weiss. "We remain confident in the magnitude of estimate upside driven largely by Azure, as traditional workload growth appears more de-risked following the volatility of last quarter and the AI demand is firmly building ahead of the F2H capacity unlock," Weiss wrote.

 

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