Both Meta and Microsoft have strong quarterly earnings that beat analysts' expectations, but neither company mentioned crypto or stablecoins in their calls or reports.

Meta's stock, meanwhile, has surged 9.1% in after-hours trading on a bumper earnings beat. Revenue increased 22% year-on-year to $47.5 billion and earnings per share rose 38% to $7.14 - smashing through the ~$5.90 that analysts had expected.

Good morning. Record artificial intelligence spending isn't holding tech shares back. Job seekers are competing with AI platforms. And a full battery comes with fries at the Tesla Diner. Listen to the day’s top stories.