On July 30, during the pre-market trading session in the U.S. stock market, the majority of large-cap tech stocks experienced an upswing. Notably, Arm's stock soared by over 11%. Microsoft's shares climbed more than 9%, Intel's rose over 5%, Amazon's increased by over 3%, and both Nvidia and Tesla saw their stocks rise by over 2%. In contrast, Meta's stock plummeted by over 9%, Netflix's shares dropped over 2%, and Apple's stock declined by 0.91%. The driving force behind Microsoft's significant stock price hike was its cloud business revenue growth in the fourth quarter of fiscal year 2026, which surpassed expectations. However, the company also adjusted its capital expenditure forecast for fiscal year 2027 downwards to $175 billion, a reduction from the previously estimated $190 billion. On the other hand, Meta's net profit in the second quarter took a hit, declining by 14%, and its revenue outlook fell short of market expectations. Additionally, Meta raised the lower bound of its capital expenditures, which contributed to the sharp decline in its stock price.