Spending on artificial intelligence isn't slowing, and tariffs — so far — aren't taking a huge toll on business, Big Tech told us this week. Why it matters: A slew of tech giants just delivered solid earnings,

West Coast tech giants Microsoft and Meta both exceeded analyst forecasts in first-quarter earnings reports Wednesday.

U.S. technology-related stocks including many involved in artificial intelligence rose sharply on Thursday following stronger-than-expected results from Microsoft and Meta Platforms, while investors awaited results from Apple and Amazon.

Microsoft on Wednesday said its profits rose 18% for the January-March quarter, driven by its growth in its cloud computing and artificial intelligence business in a turbulent time for the tech sector.

Microsoft Corp. shares jumped after the company reported stronger-than-expected quarterly sales and profit growth, suggesting customer demand for cloud services has held steady despite a wave of tariffs and economic turbulence.

Microsoft's blowout results in the latest quarter calmed investor worries in an uncertain economy and lifted its shares 7% after hours.