Microsoft's stock surged 16% after its earnings report alleviated concerns about its investments in data centers and chips. This significant gain made history for the company's market capitalization in a single day.

In other tech news, Apple reported sales exceeding $109 billion, though its services business growth was disappointing. Amazon, meanwhile, saw higher-than-expected revenue from Amazon Web Services. Banks are reportedly in talks to lend $15 billion for a data center project backed by Google, which would provide financial guarantees and chips.

Separately, a fast-growing AI-focused hedge fund, Situational, which had amassed over $20 billion in assets, is facing a sudden downfall. The fund, founded by a former OpenAI employee, still holds private investments, including in Anthropic.

Additionally, a proposed policy could make studying in the U.S. less attractive for foreigners, potentially impacting universities and tech firms. Meanwhile, European countries announced a boycott of FIFA competitions after an emergency meeting, while FIFA plans to sell a stake in a new commercial venture valued at around $20 billion.