Julie Morgan

Go out and make it a great day.

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to be with you on this Thursday, the 29th of January.

I'm Julie Morgan.

Meta Platforms is up more than 7% pre-market after posting its fourth quarter earnings, where it beat Wall Street expectations for revenues and profitability.

First quarter revenue is forecast at $53.5 to $56.5 billion, which is above expectations for $51.4 billion, including about a 4% tailwind to revenue growth from foreign currency.

Meta expects 2026 CapEx in the range of $115 to $135 billion.

Microsoft is down more than 5% pre-market, even after reporting fiscal second quarter results that topped estimates.

For the period ending December 31st, Microsoft earned an adjusted $4.14 per share, as revenue rose 17% year-over-year,

to $81.27 billion, or 15% in constant currency.

Analysts had expected the company to earn $3.91 per share on $80.31 billion in revenue.

Microsoft said Azure revenue grew 39% year-over-year

and 38% in constant currency.

For Q3, Microsoft expects total company revenue of $80.65 billion to $81.75 billion, or growth of 15% to 17%.

Tesla is up 2.9% in pre-market action, as the top and bottom line beat was coupled with an upbeat outlook on cybercab and robo-taxi growth.

That growth overshadowed another quarterly revenue decline, reflecting the end of government tax incentives and heightened competition in Europe and China.

In the fourth quarter, Tesla earned an adjusted profit of $0.50 per share, down 17% from a year ago, but $0.05 better than expectations and unchanged from the prior quarter.

Management expects major CapEx outlays in 2026, stating, At the moment, we are expecting that CapEx would be in excess of $20 billion.

Norway's $2.2 trillion sovereign wealth fund reduced its holdings in major U.S.

tech companies, including its top position in NVIDIA, during the second half of 2025.