Evening Scan

Earnings season kept swinging today — Samsung posted numbers that read like a typo, Microsoft's Azure crossed a milestone, and Meta's stock took an 8% haircut despite growing revenue. Most other news was thin.

Samsung's Q2 operating profit jumps 1,814% YoY

Revenue up 130% to $118.1B on memory chip demand — the AI boom is minting winners in unglamorous places. (CNBC)

Microsoft's Azure crosses $100B a year

Revenue up 18% to $90.1B overall, Copilot now has 30M+ paid seats — AI spending is showing returns. (The Next Web)

"Billions of people will have personal AI agents" within five years — Mark Zuckerberg, making the case for why all that Reality Labs red ink is worth it. *(TechCrunch)