The S&P 500 and Nasdaq have reached unprecedented highs, propelled by strong earnings from tech giants Meta and Microsoft. These companies' significant investments in artificial intelligence are demonstrating success, driving positive momentum across major stock indices.
Meta's revenue surged by 22% to $47.5 billion, with earnings per share hitting $7.14, exceeding expectations. CEO Mark Zuckerberg expressed excitement about building 'personal superintelligence', with Meta increasing capital expenditure to between $64 billion and $72 billion for 2025. Microsoft also reported strong results, with Azure revenue growing 39% and surpassing $75 billion annually. CEO Satya Nadella highlighted cloud and AI as key drivers of business transformation. Microsoft anticipates spending over $30 billion in capital expenditure in the next quarter to expand its AI infrastructure.
These results signal a growing investor confidence in AI and its potential to transform industries. The increasing adoption of AI-driven tools is expected to fuel further growth for tech companies in the coming years.
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