Meta and Microsoft have added a staggering $500 billion in combined market value overnight, following blockbuster earnings reports that exceeded Wall Street expectations and sent their share prices soaring.
The surge marks a major milestone for both tech giants—and a moment of triumph for investors riding the artificial intelligence wave.
Meta, the parent company of Facebook, Instagram and WhatsApp, saw its share price leap more than 11 per cent in pre-market trading, adding over $190 billion (£143 billion) to its market capitalisation. Microsoft, meanwhile, jumped 8.5 per cent, translating into a $320 billion (£241 billion) rise and pushing the company’s valuation beyond the $4 trillion mark—making it only the second business in history to hit that level after Nvidia.
Dan Coatsworth, investment analyst at AJ Bell, said the overnight gains were “the sort most companies can only dream of”. He added: “They’ve smashed market forecasts by a country mile and caused investors to scream with joy.”
The uplift is largely credited to booming revenues from cloud computing and artificial intelligence. Meta CEO Mark Zuckerberg said the company’s long-term goal is to deliver “personal superintelligence for everyone” as it ramps up its AI development.
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