How do Microsoft and Meta’s financial reports reflect that “elephants can also dance”?

Xiao Huang: Microsoft and Meta showed the phenomenon of “elephants can also dance” in their Q2 financial reports. In what specific aspects is this reflected?

DOORM: It is reflected in the fact that both have achieved significant revenue growth. Microsoft’s total revenue was $76.4 billion, a year-on-year increase of 18%, and Meta’s total revenue was $47.52 billion, a year-on-year increase of 22%. Moreover, due to the outstanding performance of AI-related businesses, their stock prices have risen sharply.