30-07-2025
Meta, Microsoft Shares Jump After Robust Earnings
Good morning. Record artificial intelligence spending isn't holding tech shares back. Job seekers are competing with AI platforms. And a full battery comes with fries at the Tesla Diner. Listen to the day's top stories.
The Magnificent Seven is living up to its name. Meta shares surged more than 10% in late trading after the owner of Instagram and Facebook beat expectations for sales. A stronger-than-expected revenue forecast signaled its core advertising business is still growing quickly enough to support aggressive AI spending. Microsoft also jumped as sales from its Azure cloud-computing unit grew 39%, faster than analysts expected.
