Please see the following comment from Chris Beauchamp, Chief Market Analyst at online trading and investing platform IG. Microsoft moves higher while Meta slumps after earningsWe are seeing a dramatically divergent reaction to tonight's big earnings. Microsoft appears to be back on track, which is just what the embattled stock price needs. A solid beat on earnings and revenue was underpinned by a 27% jump in Cloud computing revenue, and the commercial backlog remains impressive. It is a different tale for Meta, thanks to the earnings miss and the new increase to spending forecasts.