LONDON (Reuters) -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% in Frankfurt after it forecast quarterly revenue well ahead of Wall Street expectations. Microsoft shares jumped 9%, as surging Azure cloud computing revenue above analysts’ expectations, […]
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Microsoft, Meta surge after blowout results
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LONDON (Reuters) -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% in Frankfurt after it forecast quarterly revenue well ahead of Wall Street expectations.
Microsoft shares jumped 9%, 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% and futures on the technology-heavy Nasdaq up 1.3%.
(Reporting by Samuel Indyk; Editing by Amanda Cooper)