There's a lot of metrics to watch between Meta Platforms (META) and Microsoft (MSFT) in their earnings Wednesday. Dan Morgan will focus on data centers, CapEx, and Llama for Meta, believing future success lies in how the company utilizes its A.I. spend. As for Microsoft, Dan says it's all about Azure cloud and proving A.I. monetization will accelerate growth. Tom White offers example options trades for both Mag 7 giants ahead of their reports after the closing bell.

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