Meta & Microsoft Smash Records: $550B Market Surge After Earnings Blowout
Wall Street just witnessed a tech tsunami—Meta and Microsoft collectively added half a trillion dollars in market cap overnight. Earnings season? More like earnings *reason* for shareholders to pop champagne.
The haul: $550 billion. The message? Big Tech still owns the board.
Subheader: When Titans Flex
No fancy footwork—just raw financial gravity. Meta’s ad engine revved while Microsoft’s cloud empire printed money like a central bank. Analysts scrambled to upgrade price targets; traders high-fived over Bloomberg terminals.
Subheader: The Cynic’s Corner
Another quarter, another reminder that corporate giants eat first while Main Street picks crumbs. But hey—at least your 401(k) might’ve caught a whiff of those gains.
Meta and Microsoft report big beats and move differently on crypto
Meta reported earnings of $7.14 per share for the second quarter, way above Wall Street’s estimate of $5.89. The company also brought in $47.52 billion in revenue, beating the expected $44.83 billion. For the third quarter, Meta projected sales between $47.5 billion and $50.5 billion, easily surpassing the average forecast of $46.2 billion.
Mark Zuckerberg’s company also gave an updated full-year expense forecast. Meta now says it expects to spend between $114 billion and $118 billion across the year, narrowing its earlier guidance. That range represents a cost increase of 20% to 24% annually.
Microsoft’s earnings also broke through expectations. The company reported $3.65 per share in profit, with total revenue for the quarter hitting $76.44 billion, compared to the forecast of $73.89 billion. Its Intelligent Cloud business earned $29.88 billion, which was also above analyst projections. Since Microsoft ends its fiscal year in June, this quarter wrapped up its FY2025, not the calendar year’s Q2.
Despite the growing interest in crypto from the broader tech world, neither Meta nor Microsoft mentioned anything about crypto or stablecoins during their calls. That doesn’t mean they’ve stayed out of it completely.
Reports earlier this week said Meta is revisiting stablecoin payments, looking at using USDT or USDC to pay creators on WhatsApp and Facebook. If it goes ahead, Meta WOULD be able to roll that out legally under the new GENIUS Act, as long as it meets compliance rules. This comes after Meta dropped its earlier Diem project in 2022.
Meanwhile, Microsoft is working with blockchain startup Space and Time. The deal is meant to provide real-time, verified blockchain data feeds, showing that Microsoft is still focused on crypto infrastructure, but not creating a coin. Neither company commented publicly about these plans in the earnings reports.
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