Meta and Microsoft lead technology stocks higher during a volatile week, with shares rising roughly 13% and more than 4%, respectively. Meta outlines plans to expand its Muse AI agent across hardware and its apps, monetize it through subscriptions and transaction fees, and add commerce partners including Walmart, Best Buy, Gap, and Shopify. Microsoft’s Azure growth accelerates to 43% in its fiscal 2026 fourth quarter, while Copilot exceeds 30 million paid seats, even as Treasury yields reach multidecade highs.
Best Buy reports first-quarter FY27 revenue of $8.94 billion, comparable-sales growth of 2.0%, and diluted EPS of $1.31. The company also announces that Jason Bonfig will succeed Corie Barry as CEO later this year.
Best Buy reports Q4 FY26 revenue of $13.81 billion, comparable sales down 0.8%, and diluted EPS of $2.56. The company increases its quarterly dividend 1% to $0.96 per share.
Best Buy reports third-quarter FY26 revenue of $9.67 billion, comparable sales growth of 2.7%, and adjusted diluted EPS of $1.40. The retailer raises its full-year FY26 earnings guidance.
