That’s because the overall growth picture at Microsoft and Meta signals more spending on data-center products and software ahead.

U.S. stocks surged, with the Dow and S&P 500 achieving their eighth consecutive session of gains, fueled by robust earnings from Microsoft and Meta, which alleviated concerns regarding AI spending. Microsoft's surge briefly positioned it as the world's most valuable company,

Detailed price information for Meta Platforms Inc (META-Q) from The Globe and Mail including charting and trades.