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Tech Stocks Surge as Microsoft, Meta, and Nvidia Drive AI Optimism

Robust earnings, increased AI investments, and sustained demand for AI hardware fuel a sharp rally in AI-focused stocks.

A trader works the floor on the New York Stock Exchange Wednesday, April 30.
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Overview

  • Microsoft and Meta Platforms exceeded Wall Street expectations in their latest earnings, with AI driving significant growth in cloud and advertising revenue.
  • Microsoft reported a 13% year-over-year revenue increase, while Meta announced a 16% revenue jump and raised its 2025 capital expenditure forecast to up to $72 billion, partly for AI initiatives.
  • Nvidia shares rose 5% following strong demand for its AI processors and CEO Jensen Huang's vision of 'AI factories' as essential for corporate competitiveness.
  • The broader U.S. tech sector rallied, with gains in AI-related stocks like Advanced Micro Devices, Broadcom, and Super Micro Computer following the earnings reports.
  • Analysts highlight that the latest results reaffirm the long-term growth potential of AI investments, projected to exceed $1 trillion in market value by 2030.