Microsoft, Meta surge after blowout results
FILE PHOTO: A view shows the Microsoft logo on the day of the Hannover Messe, one of the world's largest industrial trade fairs, in Hanover, Germany, March 31, 2025. REUTERS/Fabian Bimmer/ File Photo
LONDON :Shares in artificial intelligence heavyweights Microsoft and Meta Platforms both surged in European trading on Thursday, after blowout quarterly results after-market on Wednesday.
Meta shares surged 12.2 per cent in Frankfurt after it forecast quarterly revenue well ahead of Wall Street expectations.
Microsoft shares jumped 9 per cent, as surging Azure cloud computing revenue above analysts' expectations, showcasing the growing return on its AI bets.
The jump in shares lifted futures on Wall Street, with S&P futures up 1 per cent and futures on the technology-heavy Nasdaq up 1.3 per cent.
