Home / Business and Economy / Tech Titans Soar as Market Wavers: Microsoft Hits $4T, Meta Surges
Tech Titans Soar as Market Wavers: Microsoft Hits $4T, Meta Surges
1 Aug
Summary
- U.S. stocks close lower after early gains fade
- Microsoft stock rises 3.5%, briefly tops $4 trillion market cap
- Meta Platforms surges 11.3% to record high
- Semiconductor stocks face challenges
On Thursday, August 1st, 2025, the U.S. stock market experienced a mixed performance, with the major indices closing lower despite an initial uptick. The downturn came as investors reacted to the latest round of corporate earnings reports and economic data.
One of the standout performers was Microsoft, whose stock price rose 3.5% after the company posted a strong earnings report. The tech giant briefly surpassed the $4 trillion market cap threshold, becoming only the second publicly traded company to ever reach this milestone, after Nvidia.
Another notable gainer was Meta Platforms, the parent company of Facebook, which surged 11.3% to close at a record high of $773.44. The company's AI-driven growth in its core advertising business powered a bullish revenue forecast.
However, not all technology stocks fared as well. Semiconductor-related and semi-cap equipment-related stocks, such as Broadcom and Nvidia, faced challenges, with the PHLX semiconductor index dropping 3.1% for its biggest daily percentage decline since April.
Investors are closely monitoring upcoming economic data and trade developments as they navigate the current market conditions.
