Meta Platforms (META.O) shares fell 8.3% in pre-market trading after reporting a 91% drop in free cash flow in the second quarter. Microsoft (MSFT.O) shares rose 7% in pre-market trading after reporting better-than-expected cloud revenue growth in the fourth fiscal quarter. Qualcomm (QCOM.O) shares fell 5.7% in pre-market trading, and Arm (ARM.O) shares fell 7.2% in pre-market trading.