Microsoft and Meta exceeded market expectations in their March quarter earnings, as strong demand for artificial intelligence helped offset the negative effects of Trump’s new tariffs.

Axar.az, citing Euronews, reports that Microsoft’s Azure cloud business grew 33% year-on-year, with AI services contributing significantly.

CEO Satya Nadella highlighted AI and cloud as central to business growth, and Microsoft’s total revenue rose 13% to $70.1 billion. Earnings per share beat forecasts at $3.46.

Meta also posted strong results, with revenue up 16% to $42.31 billion, driven largely by advertising boosted by AI tools. Earnings per share climbed 35% to $6.43.

CEO Mark Zuckerberg said Meta is progressing on AI development, including Meta AI and smart glasses. Both companies plan to invest heavily in AI infrastructure, though Meta warned that EU regulations could affect its European revenue later this year.