Both Meta and Microsoft have strong quarterly earnings that beat analysts' expectations, but neither company mentioned crypto or stablecoins in their calls or reports.

At last glance, META stock is up 12.48% to trade at $782.71, on track for its best single-session gain since April 9. In response, 35 brokerages have issued price-target hikes, the highest coming from Rosenblatt Securities to $1,

Meta Platforms, parent of Facebook and Instagra, stock surged after the social-media company blew out second-quarter earnings expectations.