Wall Street slipped 2.2% after Microsoft’s artificial‑intelligence bet faltered, sending the stock to $415.05. The tech giant posted $82.9 billion in sales, up 18%, and a $31.8 billion profit, 23% higher than forecasts. Azure cloud grew 40%, matching analysts’ expectations. Investors questioned whether AI returns will justify the hefty investment, echoing concerns raised after OpenAI missed internal targets.

Alphabet surged 3.9% as earnings beat estimates, with CEO Sundar Pichai attributing growth to AI. Amazon, Meta and Microsoft also posted solid numbers, but their shares fell sharply, Meta sliding more than 5% after announcing revenue that matched expectations and raising capital‑expenditure plans for the year to cover higher component costs and expanded data center expenses.

Uber is expanding beyond rides, partnering with Expedia to let U.S. users book hotels through its app and, later this year, add Vrbo rentals. The new “travel mode” plugs into Uber and Uber Eats, offering local tips, restaurant reservations and a hotel‑door delivery service, positioning the company as a one‑stop travel concierge for all travel.

These moves underscore a sector‑wide pivot: investors weigh AI gains against real‑world application and cost. While Microsoft and Alphabet enjoy headline growth, market sentiment remains cautious, reflected in share swings. Uber’s travel push signals diversification as rideshare giants seek new revenue streams, a strategy that could reshape the industry’s competitive dynamics for longer term investors.