Microsoft, Alphabet Face a ‘Show Me’ Moment After Meta Misfire

The stakes are high as two of the biggest artificial intelligence players prepare to unveil results, a day after Meta Platforms Inc. alarmed investors with its forecast.

Both Microsoft Corp. and Alphabet Inc. are due to deliver what are seen as pivotal reports after the market close. Traders expect fresh insight into how broadly consumers and enterprises are adopting AI services — and what growth will look like from here. Scrutiny will be intense after Meta revealed it will spend billions more dollars than expected this year — triggering a stock selloff.

More disappointment could put bears in charge ...