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Big Tech ETFs jumped on Tuesday after Microsoft Corp. (MSFT) and Meta Platforms Inc. (Meta) He obtained strong gains and reiterated his bullish perspectives for artificial intelligence.
Microsoft reported a third -quarter tax benefit of $ 3.46, surpassing the estimates of $ 3.21 analysts. Income reached $ 70.1 billion, ahead of $ 68.5 billion. Growth was based on a broad base, and total sales increased by 15% year on a constant currency.
The company’s clouds and the company emphasized. Azure revenue increased by 35%, up to 31% of the previous quarter, and Ai represented 16 percentage points of this growth. Demand is so hot that Microsoft now plans to face AI capacity restrictions beyond June, according to CFO Amy Hood.
Meta also exceeded expectations, and reported EPS of the first quarter of $ 6.43 against estimates of $ 5.25 and income of $ 42.3 billion compared to $ 41.4 billion. This is a 19% increase in sales year after year in constant currency.
CEO Mark Zuckerberg said that about a billion people now use Meta -in the company’s applications suite. “Our approach for this year is to deepen the experience and turn the main staff,” he said.
Meta lifted its orientation to the capital expenses of a year to a midpoint of $ 68 billion, up to $ 62.5 billion above, highlighting the scale of its AI infrastructure investments. The company also reassured investors by guiding the second quarter revenue according to expectations, alleviating that the concern for the growing trade war of President Donald Trump can reduce growth.
Together, the strong results of Microsoft and Meta and the comments fed by AI caused gains throughout the wider technological landscape. Chips maker Nvidia Corp. (NVDA)It benefits from the increase in AI infrastructure demand, was one of the notable winners.
It INVESCO QQQ TRUST (QQQ)It has Microsoft (8.1% weighting), Nvidia (7.4%) and Meta (3.3%) among its main stakes, raised about 2% from noon on Tuesday. The ETF has accumulated 16.5% since its minimum of April and is now only 10% below the highs of all time established earlier this year.
Apple Inc. (AAPL) (8.9% of QQQ) and Amazon.com Inc. (5.4%) It is planned to report their earnings after the current bell, and can add more fuel to the technological manifestation.
