Microsoft hits $4tn market value as tech stocks rise to new highs
Meta shares jump 12% on back of blockbuster earnings
Meta shares jump 12% on back of blockbuster earnings

US tech giant’s valuation set to pass $4tn as investors embrace plans to spend $120bn on artificial intelligence next year

Shares of Facebook parent tumble as it increases capital expenditure while Microsoft cloud growth disappoints

Meta stock drops on capex increase while Alphabet’s cloud business grows faster than rivals Amazon and Microsoft

Investors scrutinise AI spending plans from companies that represent almost one-fifth of the S&P 500’s market cap

Stellar results from Alphabet, Microsoft and Meta cannot yet be attributed to the technology’s usefulness

Alphabet, Meta and Microsoft divide the market over whether they can translate huge capital expenditure into income