Wall Street Reacts: Tech Earnings Highlight Winners and Losers

Wall Street’s reaction to tech earnings in late January 2026 has created a sharp divide between winners and losers, as investors scrutinize massive AI investments for tangible returns. Meta Platforms emerged as the standout performer, surging over 10% after reporting $8.88 earnings per share that crushed expectations, while Microsoft stock plummeted on concerns over slowing Azure cloud growth despite $81.3 billion in quarterly revenue.