Meta and Microsoft just delivered one of the most impressive performances in Wall Street history, adding a staggering $550 billion in combined market value within a single 24-hour period following their earnings announcements. This massive gain surpasses the entire market capitalization of major corporations like Costco by approximately $140 billion and exceeds Netflix’s total value by $50 billion.
The surge began after both technology giants released quarterly results that significantly outperformed analyst expectations on Wednesday evening. European markets responded immediately, with Meta’s shares climbing 12.2% in Frankfurt trading while Microsoft gained 9% during Thursday morning sessions.
The positive momentum carried over to broader market indicators, pushing S&P 500 futures up 1% and Nasdaq futures higher by 1.3% before U.S. markets opened for regular trading. Investors reacted swiftly to the impressive financial data, driving substantial pre-market activity across tech stocks.
Not sure how to even react to Meta and Microsoft earnings other than realizing that AI is more real than we all could have imagined.
Two multi-trillion dollar companies moving $400B after hours? Both companies beating revenue by $3B more than expectations?
The… pic.twitter.com/k2RmF6qlAV
— amit (@amitisinvesting) July 31, 2025
Earnings Performance Exceeds Wall Street Projections
Meta delivered exceptional second-quarter results with earnings reaching $7.14 per share, substantially beating Wall Street’s consensus estimate of $5.89. The social media giant also generated $47.52 billion in quarterly revenue, surpassing expectations of $44.83 billion by a considerable margin.
Looking ahead, Meta provided optimistic guidance for the third quarter, projecting sales between $47.5 billion and $50.5 billion. This forecast easily exceeds the average analyst prediction of $46.2 billion, signaling continued strong business momentum.
The company updated its full-year expense outlook, narrowing previous guidance to a range of $114 billion to $118 billion. This represents an annual cost increase of 20% to 24%, reflecting Meta’s continued investments in infrastructure and technology development.
Microsoft matched Meta’s strong performance with equally impressive numbers. The software giant reported quarterly earnings of $3.65 per share alongside total revenue of $76.44 billion, compared to analyst forecasts of $73.89 billion. The company’s Intelligent Cloud division contributed $29.88 billion in revenue, also exceeding projections.
Crypto Strategies Remain Under Development
Both companies stayed notably silent about cryptocurrency initiatives during their earnings calls, despite growing industry interest in digital assets. However, recent reports suggest both firms continue developing blockchain-related strategies behind the scenes.
Meta appears to be reconsidering stablecoin payment systems for content creators across WhatsApp and Facebook platforms. Industry sources indicate the company is exploring partnerships with established stablecoins like USDT or USDC for creator compensation programs.
The potential implementation could proceed under the newly introduced GENIUS Act framework, provided Meta maintains compliance with regulatory requirements. This development marks a significant shift from the company’s previous approach, particularly after discontinuing the Diem project in 2022.
Microsoft has taken a different approach, partnering with blockchain infrastructure company Space and Time. This collaboration focuses on delivering real-time, verified blockchain data feeds rather than developing proprietary digital currencies. The partnership demonstrates Microsoft’s commitment to supporting crypto infrastructure without directly entering token creation.
Neither company provided official statements regarding these cryptocurrency initiatives in their recent earnings communications, leaving investors to speculate about future announcements and implementation timelines.
Broader Market Implications
The exceptional earnings performance from both Meta and Microsoft reinforces investor confidence in major technology companies’ ability to navigate current market conditions. This strong financial showing from two crypto-adjacent firms could signal positive momentum for broader digital asset adoption initiatives.
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