CNBC Televisionยท2025-07-02 00:04Market Overview - The market experienced a brutal quarter, with only Microsoft, Nvidia, and Meta finishing the first half at all-time highs [1] - The report analyzes how these three mega-cap companies managed to succeed despite market volatility [1] Microsoft - Microsoft's Azure division initially missed growth estimates, growing 31% versus an expected 31.9%, causing the stock to drop over 6% [2][3] - However, Azure's growth rebounded to 33%, driving the stock up and adding over $150 in value [3] Nvidia - Nvidia's stock experienced volatility due to concerns about competition from companies like Deep Sea and restrictions on AI chip sales to China [4][6] - Nvidia faced a $4.5 billion write-off due to lost access to the Chinese market, which could have been worth as much as $50 billion [6] - Nvidia's stock rebounded based on semiconductor superiority and persistent demand from hyperscalers [7] Meta - Meta's stock experienced fluctuations, dropping from $740 in February to $480 in April [8] - Meta reported a strong quarter, highlighting the effectiveness of its advertising platform [8][9] - Meta's advertising platform is presented as highly targeted and effective, leading to a stock recovery [9] Key Takeaways - Microsoft's Azure business tends to recover quickly from setbacks [10] - Nvidia's AI chip technology remains unrivaled [10] - Meta is considered undervalued [10]