Friday, 2 May, 2025

Strong Earnings from Microsoft and Meta Propel AI Stocks Upward

Microsoft's shares climbed over 6% following a 33% increase in Azure cloud revenue, with AI contributing significantly to this growth. Meta's stock rose more than 4%, driven by strong advertising revenue bolstered by AI-powered tools. The positive momentum extended to other tech companies: Nvidia gained 2.8%, AMD increased by 2%, Amazon rose 3%, and Alphabet saw a 1% uptick. These developments underscore investor confidence in AI-driven business strategies and their impact on the tech sector.