MILAN (Reuters) - Frankfurt-listed shares in Microsoft ( MSFT ) and Meta both fell in early trading on Thursday, even as earnings at the two U.S. tech groups beat Wall Street expectations.

Microsoft ( MSFT ) predicted slower growth in its cloud business Azure and Facebook owner Meta warned of "significant acceleration" in artificial intelligence-related infrastructure expenses next year.

By 0711 GMT, Microsoft ( MSFT ) shares were down 5.1% in Frankfurt and Meta slipped 2.6%. As a result, Nasdaq futures dropped over 1%.