# Microsoft Soars, Meta Sinks: Has The AI Narrative Flipped?

> Source: <https://www.profgmedia.com/p/microsoft-soars-meta-sinks-has-the>
> Published: 2026-07-30 11:03:24+00:00

Ed Elson is joined by Gil Luria to break down earnings from Microsoft and Meta, and what the disparate results reveal about what’s next for the AI trade. Then, Mike Gapen returns to discuss the Federal Reserve’s interest rate decision and why he thinks rates might stay stagnant for the rest of the year. Finally, Ed gives his take on FIFA’s decision to sell its profits.

Gil Luria is the Head of Technology Research at D.A. Davidson. Mike Gapen is the managing director and Chief U.S. Economist at Morgan Stanley.

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