Meta, Microsoft lead market gains; Nvidia rises on AI spending hopes

The US stock market is experiencing a surge amid concerns of an economic slowdown, with equity markets leading the charge. One of the biggest concerns for the market was the slowdown in AI investments by the big tech companies. That seems to have been cleared now.

Meta Platforms’ strong Q1 revenue and CEO Mark Zuckerberg’s assurance that the company is well-positioned to navigate macroeconomic uncertainty have alleviated investor fears of potential threats from Trump’s tariffs and a US economic downturn.