Recent earnings reports from Meta (NASDAQ: META) and Microsoft (NASDAQ: MSFT) have shifted market expectations regarding AI-led growth. Meta's results showcased strong operating leverage and disciplined monetization strategies, while Microsoft's performance emphasized the challenge of meeting heightened expectations without room for error. The market response focused on the extent to which AI advancements are already factored into stock prices, highlighting the importance of valuation sensitivity. The key takeaway is that even industry leaders face selling pressure when their guidance fails to significantly advance the narrative of growth. The full article can be found on Benzinga.com.