Investors say, aye, sir, to AI.

I'm David Brancaccio in Los Angeles.

In early trading for the NASDAQ index, which hosts many technology stocks.

It's up 1.1%. Microsoft stock up 5.7%.

Meta Facebook up nearly 13%.

Susan Schmidt is portfolio manager at Exchange Capital Resources. It's

about software getting smarter and companies making actual money off of it. They are, and it's making

investors very happy. Both Meta and Microsoft reported last night, they talked about the AI impacts on the business and those concerns investors

had about infinite spend and no return can be alleviated because now we're hearing from these

companies that that AI is actually coming into play and making them more productive and making

them more money.

And not just sort of promises and forecasts and guidance, but actual cash on the barrelhead,

more money?

Actual revenue being driven by the implementation of artificial intelligence.

And so that's very comforting for investors.

Also because in both cases, while Meta, Facebook, held their

capital expenditures plan steady at the top end of the year, Microsoft increased them,

and that money is going into more research and more spend on AI infrastructure.

And the letter of today, Thursday Thursday is going to be A, the letter A, Apple and Amazon report their quarterly results after the market closes. I'm sure

you'll be glued to your screens. Investors, you're going to look at these two companies now,

and anticipation is high that

they will also have positive reports given the good news they just had last night from

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