Wall Street Breakfast Big Tech lights up the premarket
16 snips
Jan 29, 2026 Big tech earnings and guidance drive premarket moves, with Meta surprising despite higher spending and Microsoft lifting its cloud revenue outlook. Tesla outlines a massive 2026 capital plan tied to Optimus and model shifts. Norway’s sovereign wealth fund trims stakes in major U.S. tech names. Cyberattacks and Washington funding talks add political and security drama to market headlines.
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Meta Tops Estimates And Raises Guidance
- Meta beat revenue and profitability expectations, driving a strong premarket jump.
- Management guided Q1 revenue above consensus and cited a 4% FX tailwind to growth.
Strong Azure Growth, Guidance Disappointment
- Microsoft beat Q2 estimates with revenue up 17% and Azure growth near 39%.
- Yet MSFT shares fell as Q3 revenue guidance implied a slowdown that disappointed investors.
Tesla Beats But Plans Big 2026 CapEx
- Tesla beat top and bottom line but reported declining quarterly revenue amid incentive phase-outs and competition.
- Management signaled major CapEx in 2026, expecting it to exceed $20 billion for Optimus and other initiatives.