Amazon, Meta and Microsoft Stocks Surge as AI Hyperscalers Post Strong Earnings

3-line summary

• Hyperscaler stocks rose Monday as Microsoft and Amazon climbed more than 5%, Oracle jumped 6%, Meta rose more than 7%, and Google gained more than 5%, following last week's earnings, according to the report.
• Microsoft said Azure cloud revenue topped $100 billion annually for the first time, up 43% in the quarter, while Amazon's AWS growth hit 36.7%, its fastest in 18 quarters, per the report.

This summary is our own processing of the source article; see the source link below for full context.