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4d ago

Microsoft and Meta Earnings Fuel AI Surge, Lifting Nvidia and Markets

Strong financial results and increased AI investments from Microsoft and Meta drive Nvidia gains and extend the S&P 500's winning streak to eight days.

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A trader works the floor on the New York Stock Exchange Wednesday, April 30.
Trader Vincent Napolitano works on the floor of the New York Stock Exchange, Thursday, May 1, 2025. (AP Photo/Richard Drew)
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Overview

  • Microsoft exceeded expectations with a 13% revenue increase, crediting AI and cloud services for its growth, while shares rose nearly 9%.
  • Meta announced a significant increase in 2025 capital expenditures to $64–$72 billion, with a focus on AI projects, boosting its stock by over 5%.
  • Nvidia shares climbed nearly 5% as strong demand for its AI processors was reinforced by tech hyperscalers' spending commitments.
  • The S&P 500 achieved its eighth consecutive day of gains, its longest streak since November 2023, led by tech sector performance.
  • Investors are now turning their attention to upcoming earnings reports from Apple, Amazon, and Nvidia later this month.