Microsoft stock just suffered its biggest single day drop since 2020. Meanwhile, Meta stock popped by 10%. Both tech giants are spending billions on AI talent and infrastructure, but investors clearly feel skittish about Microsoft at the start of 2026 and bullish on Meta’s tale of near-term upside.

For a company that famously whiffed on the metaverse, Meta is looking more reasonable these days. The company is still poised to invest eye-popping sums into artificial intelligence in the coming years—but so are all of its peers, Microsoft included. In an era of AI hype and sky-high expectations, Meta is following the crowd—not leading it—for better or........

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