US EditionMicrosoft and Meta Fuel $500-Billion Gain in AI Stocks
SINGAPORE, JUL 30 – Microsoft, Meta, and eBay stocks rose after beating earnings estimates, while Align Technology fell 35% due to weaker-than-expected results and lowered revenue guidance.
- Amid after-hours trading, Microsoft jumped 8% and Meta surged 9%, increasing their market values by $288 billion and $152 billion respectively on Wednesday.
- After earnings releases, Microsoft reported Q4 EPS of $3.65, beating the $3.37 estimate, while Arm Holdings' revenue of $1.05 billion fell short of $1.06 billion.
- Following strong retail results, Carvana’s $1.28 earnings and $4.84 billion revenue beat forecasts, and eBay’s $1.37 EPS surpassed $1.30, driving gains.
- Consequently, futures markets reacted with notable gains as Wall Street AI heavyweights added a combined half a trillion dollars in after-hours value, with S&P 500 futures rising 0.7% and Nasdaq 100 futures climbing 1%.
- Broader trends show mounting competition in AI, with US stock market's most valuable companies surging in recent years, and Meta Platforms raised its lower-end capex outlook by $2 billion.
24 Articles
24 Articles
Why Meta Platforms Stock Is Skyrocketing Today @themotleyfool #stocks $META
Key PointsMeta Platforms beat second-quarter estimates handily, with EPS surging 38% year over year to $7.14.Meta continues to add to its audience, with daily active users growing 6% year over year.The company will accelerate AI investment into the next year.10 stocks we like better than Meta Platforms › Shares of Meta Platforms (NASDAQ: META) are flying higher on Thursday, up 12.2% as of 2:53 p.m. ET. Today's jump comes as the S&P 500 was flat …
The Independent
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Stock market news and latest business and finance updates from Thursday
Jim Cramer Says Zuckerberg And Nadella Are Smarter Than His Once Admired Goldman Sachs — 'My Head Is Spinning' After Meta, Microsoft Earnings - Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META)
On Wednesday, Jim Cramer lauded the leadership of Meta Platforms, Inc. (NASDAQ:META) and Microsoft Corporation (NASDAQ:MSFT), saying the visionary brilliance of Mark Zuckerberg and Satya Nadella surpasses even the most elite minds he encountered at Goldman Sachs. Cramer Praises Visionary Leadership After Blockbuster Earnings Following the release of second-quarter earnings from Meta and fourth-quarter results from Microsoft, CNBC's Mad Money hos…
Channel News Asia
The Star Kuala LumpurMicrosoft and Meta fuel $500-billion gain in AI stocks
Wall Street's AI heavyweights added a combined half a trillion dollars in stock market value late on Wednesday after quarterly reports from Microsoft and Meta Platforms showed massive investments in the emerging technology were paying off.In extended trade, Microsoft jumped 8 per cent and Meta surged 9 per ce
Cloud and AI help Microsoft to $128.5 billion in pre-tax profits. Meta raises expectations after second-quarter profit surges year-over-year.
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