US EditionMicrosoft, Meta's AI-Powered Results Lift Wall St Futures to New Highs
UNITED STATES, JUL 30 – Microsoft and Meta shares rose after reporting better-than-expected earnings and announcing significant AI investments, boosting Nasdaq futures by 1.2%, analysts said.
- Microsoft and Meta released strong earnings reports that lifted their stocks and drove S&P 500 and Nasdaq futures to record highs on Thursday.
- This surge followed optimism about ongoing AI investment, with Microsoft guiding $30 billion in capital expenditure for the current quarter and Meta hinting at increased future spending.
- Stocks of related tech firms like Nvidia, Advanced Micro Devices, Dell, and Super Micro Computer rose between 1% and 3%, reflecting broader market gains fueled by AI sector momentum.
- Microsoft's market value rose by about $320 billion to an implied $4.13 trillion, while Meta and Microsoft together reached $5.81 trillion, roughly twice the FTSE 100 index value.
- These results and elevated valuations suggest renewed investor confidence in Big Tech's AI-driven growth despite cautious Federal Reserve signals and ongoing tariff concerns.
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U.S. Tech Stocks Juggle Earnings and Economic Data Amid Market Fluctuations
U.S. Tech Stocks Juggle Earnings and Economic Data Amid Market Fluctuations On Thursday, U.S. stocks displayed fluctuating performance, with the Nasdaq and S&P 500 managing to secure modest gains amidst ongoing corporate earnings reports and economic data assessments. Companies like Microsoft and Meta Platforms delivered strong results, contributing to the market's upward push.Microsoft's robust earnings report briefly propelled it past the $4 t…
Wall Street is growing thanks to Meta and Microsoft.
The strong results of Meta and Microsoft are a pleasure for the New York Stock Exchange. ...
The New York Stock Exchange is on the rise on Thursday, taking advantage of the flight of the two technology giants Meta and Microsoft after their results exceeded expectations, investors also welcoming new trade agreements.
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