Stock futures moved sharply higher Thursday morning as investors reacted to strong results and big AI spending plans from major technology companies.

U.S. stock index futures jumped on Thursday as shares of Microsoft and Meta Platforms surged after strong quarterly results from both the Magnificent Seven heavyweights pointed to a still-strong outlook for the technology sector.

Meta raised its capital expenditures guidance for 2025 to $64 billion to $72 billion, signaling huge AI investment by Big Tech is still underway.