Microsoft, Meta Drive US Markets With Strong Earnings

Microsoft and Meta Platforms delivered robust quarterly earnings, significantly boosting US equity indexes, especially the tech-heavy Nasdaq Composite. Both companies exceeded analyst expectations, with Microsoft reporting record revenue and profit fueled by strong cloud and Azure AI demand, and Meta achieving substantial gains in advertising revenue and user engagement. Microsoft’s market capitalization surged, briefly making it the world’s most valuable company, while Meta raised its second-quarter revenue outlook, reflecting sustained growth momentum. The earnings reports also highlighted massive capital investments in AI infrastructure, with Meta and Microsoft pouring billions into data centers and computing power to enhance their competitive advantage in artificial intelligence. These results reinforced investor optimism amid ongoing US-China trade negotiations, though some sectors like healthcare lagged behind. The strong performances from these tech giants underscore their dominance in shaping both market sentiment and the evolving AI landscape.