Bloomberg Daybreak: US Edition Tech Stocks Surge on Microsoft & Meta Earnings; US & Ukraine Sign Deal
May 1, 2025
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Microsoft's Cloud AI Boost
- Microsoft showed stronger-than-expected sales and profit growth, driven by steady cloud demand despite economic turbulence.
- Azure cloud revenue grew 33%, with 16 percentage points attributed to AI, signaling robust AI-driven growth.
Meta's AI Enhances Ads
- Meta beat revenue expectations with a strong start to the year and growing user base of over 3.4 billion daily active users.
- AI investments improve ad targeting and personalization, supporting continued growth despite trade uncertainties.
US-Ukraine Resource Deal Strengthens Support
- The U.S. and Ukraine reached a deal giving Ukraine access to natural resource investments with a fund offering global investment attraction.
- The deal reassures support amid fears President Trump might withdraw backing in peace talks with Russia.