--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/43053433.md" description: "$Microsoft(MSFT.US)$Meta Platforms(META.US) seems to have figured it out. The AI sector is now entering a winner-takes-all phase. The winner, Microsoft, has successfully achieved profitability and started a virtuous cycle, while the loser, Meta, is selling off data centers but still can't preserve its cash flow. The winner shifts from increasing investment in expanding data centers to acquiring and leasing the loser's computing power at low prices, significantly cutting future expenses; meanwhile, the loser has no choice but to sell off computing power at a loss to exit the market and keep their cash flow from breaking.The most bizarre part is that Microsoft announced cost cuts, yet the "shovel sellers" collectively surged. This indicates that the recent plunge in semiconductors stems from Wall Street's concerns about a bubble. Microsoft's profit followed by spending cuts, this behavior of "coming to the table to eat meat," proves to them that there is fundamentally no bubble. Unlike Google, which faced stock price pressure after reporting profits but significantly increasing expenses, Microsoft is currently surging. This proves that what Wall Street currently wants to see is hardware companies and software companies rising and falling together; the July plunge in hardware stocks actually originated from the June plunge in software stocks. Now we can only hope all AI leaders stand tall, share the gains, rather than mocking those standing barefoot when software drops, or mocking them for value destruction when hardware drops." datetime: "2026-07-29T22:37:38.000Z" locales: - [en](https://longbridge.com/en/topics/43053433.md) - [zh-CN](https://longbridge.com/zh-CN/topics/43053433.md) - [zh-HK](https://longbridge.com/zh-HK/topics/43053433.md) author: "[白宮股神唐納德](https://longbridge.com/en/profiles/24273088.md)" --- # $Microsoft(MSFT.US)$Meta Platforms(META.US) seems … ### Related Stocks - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [MSFL.US](https://longbridge.com/en/quote/MSFL.US.md) - [MSFO.US](https://longbridge.com/en/quote/MSFO.US.md) - [MSFD.US](https://longbridge.com/en/quote/MSFD.US.md) - [MSFU.US](https://longbridge.com/en/quote/MSFU.US.md) - [MSFX.US](https://longbridge.com/en/quote/MSFX.US.md) - [MSFY.US](https://longbridge.com/en/quote/MSFY.US.md) - [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md) - [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md) - [GOOGN.US](https://longbridge.com/en/quote/GOOGN.US.md) ## Comments (7) - **优秀的达不刘 · 2026-07-30T07:25:09.000Z**: The pull-up in the night session is a natural reaction of quantitative trading capturing news. Under the trend of the broader market correction, Microsoft is just a relatively strong ant among many; there might be some fish that slip through the net. Don't go against the trend because of these outli - **Jovial · 2026-07-30T01:14:36.000Z**: You don't need to understand. If tomorrow's K-line doesn't fit your logic, you'll just change your theory again. The same thing happened the other day with that pre-market surge; all those 'theory experts' showed up, but once it crashed at the open, they all went silent. - **V型反弹第二天必大跌 · 2026-07-29T22:48:37.000Z**: The reduction in Microsoft's expenses is merely a change in accounting classification. At the end of April, some data centers were still categorized under finance leases, but now they are classified as operating leases. Therefore, while the statistical change appears to show reduced expenses, the ac - **白宮股神唐納德** (2026-07-29T22:50:50.000Z): If it can still fall further, this round of US stock earnings reports really means shorting blindly. - **V型反弹第二天必大跌** (2026-07-29T22:56:37.000Z): Actually, the data centers are still under construction, but some of this isn't reflected in capital expenditures. A surge at this point likely means they're spending money more wisely. But who knows - **道可，道非，常道** (2026-07-29T23:16:32.000Z): If there is no capex, there will be no future depreciation, which means it won't affect future cash flow; still bullish.