Tech companies, particularly Microsoft and Meta, reported better-than-expected earnings in the first quarter of the year, offering relief to investors amid ongoing market volatility due to President Trump's trade policies. Meta achieved a net profit of $16.64 billion while Microsoft posted $25.8 billion. Both companies attributed their growth partly to advancements in artificial intelligence, which have bolstered their core businesses. These financial results come as a welcome sign for the tech sector, which has faced substantial losses due to the uncertainty generated by recent trade war developments.
Meta’s financial performance in Q1 demonstrated robust growth, reporting a net profit of $16.64 billion, driven largely by advancements in AI integration into its ad strategies.
Microsoft's financial results highlighted a significant jump in revenues attributed to strong cloud computing growth, posting a net profit of $25.8 billion for the quarter.
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