Big tech stocks have performed exceptionally well since 2023, largely propelling the stock market forward. Microsoft saw a 65% increase from a year ago, recently reaching its $3T market cap and surpassing Apple to become the largest stock globally. Alphabet's performance was also impressive, with its stock climbing 53% from the previous year.Moreover, their results are far from lackluster. Alphabet reported double-digit revenue growth across all its business segments, 

Microsoft and Alphabet were the first among the Magnificent 7 to report their financial results, with their shares declining by 0.23% and 5.84%, respectively, during after-market hours trading.

However, this was still not enough to meet analysts' expectations, as the overall ad revenue of $65.52 billion fell short of the forecasts by a mere $65.94 billion, or a difference of less than 1%. Honestly, this minor shortfall hardly justifies a 6% plunge in share price.

In fact, I believe the outlook for Alphabet is even more promising. Ad revenue is increasing at a faster rate, the company is becoming more efficient following a series of layoffs, and it is investing in AI to fuel new growth areas. Should the share price fall below $135, it would present a buying opportunity.

As for Microsoft, its revenue grew 18% from a year ago, while net profits saw an impressive 33% increase!

This growth was primarily driven by Microsoft Cloud, where revenue surged to $33.7 billion, marking a 24% year-over-year increase, as reported by Amy Hood, Microsoft's CFO.

The AI offerings within Azure have become a significant draw for its cloud services. Microsoft now boasts 53,000 Azure AI customers, with one-third of them being new to Azure in the past year, as stated by CEO Satya Nadella during the earnings