Investors are starting to get jittery about the cost of Microsoft’s push to persuade enterprise customers to adopt expensive generative AI applications and agents. While the company announced strong quarterly numbers on Wednesday,

Microsoft reported second-quarter earnings and revenue that beat Wall Street estimates on Wednesday. The stock, however, was dropping. The company reported earnings of $3.23 a share on revenue of $69.

Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher on Thursday following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.5%, as four out of every five stocks in the index climbed.