Ed Elson

Microsoft beat on the top and bottom lines with revenue up 18% year over year.

However, the stock slipped 2% after hours.

Amazon also topped expectations with stronger than expected cloud growth, but its shares fell around 1% after hours.

Meta posted a standout quarter with revenue surging 33% from a year ago.

But higher than expected, CapEx and disappointing user growth sent the stock down nearly 7% after hours.

Google was the exception.

Revenue beat estimates, cloud sales topped $20 billion, and the stock rose over 6%.

So lots to unpack here.

We're speaking with Gil Luria, Head of Technology Research at DA Davidson.

Gil, good to see you again.

Lots to get into here.

I mean, the thing that strikes me immediately is that these numbers, these growth numbers especially, are just mind-blowing.

I mean, Google, their cloud revenue is up 63%.

Microsoft Azure revenue up 40%.

Like, these are crazy numbers.

But based on the offer I was trading, I guess investors aren't that excited about it.

What do you make of these earnings and how the markets have reacted so far?

I mean, it seems as though you have to just bet on these companies, like just to sort of take a step back.

I mean, when I think about all of the things that we were kind of worried about, and we were worried about the AI build-out, and we were worried about the CapEx, and are they going to see the ROI on their investments?

And it seems as though we're getting to the point where it's just like, yeah, the ROI is there.