AI trade splitting market Microsoft CorporationBATS:MSFTBlackBull_MarketsInvestors gave mixed reactions to the latest earnings from major tech companies, with AI spending becoming the key focus. Microsoft shares surged 15.5% on Thursday as the company maintained its 2026 capital expenditure forecast and hinted that spending could increase in fiscal 2027. Azure and other cloud services revenue grew 43% in Q4, highlighting strong demand for its AI infrastructure. Meta’s free cash flow dropped 91% year-on-year to $784 million as the company continues to invest heavily in AI. The stock is now on a record 11-day losing streak, falling more than 20% during that period. Amazon shares also climbed 9% after the company reported sales of $200.6 billion, beating expectations of $196.72 billion. Revenue in Amazon’s cloud segment expanded 37% year over year. Apple reported stronger-than-expected fiscal third-quarter earnings and revenue, driven by a 22% increase in iPhone sales. Despite the strong results, Apple shares fell 2.6%. The results also marked Tim Cook’s final earnings report as CEO before handing the role to John Ternus. The conference call is scheduled for 5 p.m. ET.