After reading the financial reports of Microsoft and Meta, I couldn't help but think of Guo Shinar's saying, "Who said elephants can't dance?": Microsoft's Q2 revenue reached its highest quarterly growth rate in a year and a half, EPS profit growth accelerated to 24%, Azure and other cloud service revenue exceeded expectations by 39%, the highest growth rate in two and a half years; Microsoft disclosed Azure revenue for the first time, with full fiscal year revenue exceeding $75 billion, an increase of 34%; Capital expenditures in the second quarter returned to growth on a month on month basis, exceeding expectations by 13% to reach a record high of $24.2 billion Meta's Q2 revenue reached $47.5 billion, with earnings per share of $7.14, both significantly exceeding market expectations. Strong advertising revenue, Reality Labs suffered lower than expected losses. The company expects its third quarter revenue to reach $47.5 billion to $50.5 billion, higher than market expectations, and has raised the lower limit of capital expenditures for the full year of 2025 from $64 billion to $66 billion. The performance and AI investment outlook are both strong The profit growth rate of both US stocks is higher than the revenue growth rate: Microsoft's is 24%>18%, and Meta's is 38%>22%, which is equivalent to better growth quality. Mets' PEG is only 0.7, much lower than 1. Despite such a large market value, it is completely a growth stock. A few days ago, we talked about three medium - to long-term factors that need to boost the fundamental performance of the US stock market: the weakening of the US dollar, the capital expenditure deduction in the Great Beauty Act, and the strategic profitability layoffs brought about by AI cost reduction and efficiency improvement.