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US Tech Titan Earnings Rise on AI as Economy Roils
U.S. STOCK MARKET, JUL 31 – Meta shares rose 11.5% after beating revenue estimates while Microsoft and Amazon also reported stronger earnings, pushing after-hours stock moves in the U.S. market.
- On Thursday, Microsoft Corp reported $76.44 billion in revenue, up 17% year-over-year, and shares surged 8.3% to $555.74 in after-hours trading.
- Amid surging AI demand, Microsoft CEO Satya Nadella said, `Cloud and AI is the driving force of business transformation across every industry and sector`.
- With earnings season in focus, analysts expect Amazon.com Inc to earn $1.31 per share on revenue of $161.87 billion, and Apple Inc reported $94.04 billion in revenue, exceeding forecasts.
- Meta Platforms Inc shares surged 11.5% to $775.10 in after-hours trading.
- Looking ahead, Amazon.com Inc forecasts operating income of $15.5 billion to $20.5 billion, supported by AWS sales jumping 17.5 to $30.9 billion.
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Amazon, Apple, Microsoft and the Meta Group announced on Thursday, having achieved economic results beyond expectations in the second quarter 2025.
·Paris, France
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ABC FOX Montana+41 Reposted by 41 other sources
US tech titan earnings rise on AI as economy roils
Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by US tariffs.
·Missoula, United States
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AI Propels Tech Earnings
Wealth Enhancement Group Portfolio Consulting Director Ayako Yoshioka discusses how artificial intelligence boosted Microsoft’s and Meta’s earnings and why she is concerned about Apple’s results. She joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
·United States
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Total News Sources51
Leaning Left6Leaning Right4Center16Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 23%
C 62%
15%
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