US EditionMeta, Microsoft Spike On Robust Earnings Reports—As Microsoft Reclaims Crown As World’s Largest Company
- Microsoft and Meta Platforms reported stronger-than-expected quarterly earnings on May 1, 2025, boosting Wall Street in New York as the S&P 500 rose 0.8%.
- The earnings strength stemmed from Microsoft's cloud and AI growth and Meta's advertising gains, despite lingering tariff impacts and economic uncertainties.
- Microsoft's revenue increased 13% year-over-year powered by a 33% rise in Azure cloud, while Meta posted 27% revenue growth and an 89% profit jump aided by AI tools.
- Meta’s stock surged over 6%, Microsoft gained 10.2%, and the S&P 500 approached within 9% of its record after briefly dropping 20% earlier this year.
- The strong results helped ease market volatility amid tariff concerns and weaker economic data, though many CEOs remain cautious about the year ahead.
170 Articles
170 Articles
Tech Giants Deliver AI-Powered Earnings Growth
Big Tech is on deck this week. Shares of Meta and Microsoft spiked after the duo’s earnings reports topped expectations. So far, it not only seems like tech giants are withstanding tariff turmoil and general macroeconomic drama, but that their multi-billion-dollar investments into AI could be starting to show returns. Pressure’s been mounting on tech companies to show the AI juice was worth the very expensive squeeze, especially after Chinese s…
Wall Street rises on Microsoft and Meta Platforms lead
NEW YORK, United States — Microsoft and Meta Platforms led Wall Street higher Thursday after the Big Tech companies reported profits for the start of the year that were even bigger than analysts expected. The S&P 500 rose 0.6 percent for an eighth straight gain, its longest winning streak since August. The Dow Jones Industrial Average added 83 points, or 0.2 percent, and the Nasdaq composite climbed 1.5 percent. Microsoft rallied 7.6 percent af…
Tech rally lifts Wall Street to month high
Wall Street's main indexes jumped to around one-month highs on Thursday, with the tech-heavy Nasdaq leading gains, as strong quarterly results from heavyweights Microsoft and Meta pointed to a resilient outlook for the technology sector. Microsoft surged 9% to its highest level since late January, driven by an upbeat quarterly growth forecast for its cloud-computing business Azure. The jump helped the stock surpass Apple to became the world's mo…
Microsoft, Meta Platforms lead Wall Street higher
Microsoft and Meta Platforms drove Wall Street higher after delivering profits for the start of the year that were even bigger than analysts expected. The S&P 500 rose 0.6% Thursday and pulled back within 8.8% of its record set earlier…
Microsoft and Meta earnings beat expectations in latest report
Microsoft and Meta outperformed expectations in the earnings reports they released Thursday, despite concerns about the economy. Joy Wiltermuth, news editor and senior markets reporter for MarketWatch, joined CBS News to break down the numbers.
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