Meta Platforms soared 11.5% in premarket trading after the social media giant forecast third-quarter revenue well above estimates, thanks to AI boosting its core advertising business. Microsoft issued a record capital spending outlook of $30 billion for the current quarter and reported higher-than-expected sales in its Azure cloud computing business. Other tech heavyweights such as Amazon and Nvidia also climbed 3.2% and 1.6%, respectively, while Microsoft was on track to hit a $4 trillion market capitalization for the first time.