Wall Street Breakfast Meta, Microsoft soar on AI, cloud strength
May 1, 2025
Microsoft and Meta are soaring thanks to strong fiscal results driven by AI innovations. Tesla's board is dismissing rumors about a new CEO search, while a startup backed by Sam Altman is launching biometric ID tech in six U.S. cities. Major market movements also highlight Amazon’s pre-market gains and the impacts of international market closures. Stay tuned for insights on what’s shaping the financial landscape!
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Microsoft's Cloud AI Growth
- Microsoft posted strong fiscal Q3 results with Azure revenue growth of 33%, surpassing market expectations.
- The company projects continued strength in cloud and AI businesses through fiscal 2026.
Meta's Strong AI Momentum
- Meta's Q1 beat showed 16% revenue growth and 35% profit surge, with operating margin expanding to 41%.
- CEO Mark Zuckerberg highlighted nearly 1 billion monthly active users for meta-AI and growing daily active people to 3.43 billion.
Tesla CEO Search Denial
- Tesla's board chair Robin Denholm called CEO search rumors "absolutely false" before reports appeared.
- Wedbush analyst Dan Ives interprets this as a warning shot, but expects Elon Musk to remain CEO for at least five years.