The Zhitong Finance App learned that recently Wall Street has once again sparked enthusiasm for artificial intelligence, and investors have returned to this field one after another. The excellent quarterly results released by Microsoft (MSFT.US) and Google (GOOGL.US), as well as the positive response from the market to Rubrik (RBRK.US)'s initial public offering, mark that the development of artificial intelligence has received renewed attention. These developments have reinvigorated market confidence in the growth potential of large technology companies investing heavily in advanced technology tools.

On Friday, in particular, Google's stock price surged, breaking the $2 trillion mark for the first time. On the same day, Microsoft's stock also rose 1.8%, with a market capitalization slightly above $3 trillion.

Yung-yu Ma, the US chief investment officer at BMO Wealth Management, said: “The future of AI investment remains positive.”

According to information, Microsoft indicated that its Azure cloud division's revenue increased by 31%, of which artificial intelligence services contributed 7 percentage points to the increase. Google's cloud revenue increased 28% year over year, with artificial intelligence's contribution increasing.

Rishi Jaluria, an analyst at Royal Bank of Canada Capital Markets, commented: “The performance of Google and Microsoft shows a real demand for artificial intelligence; this is not just hype.”

The strong performance of these tech giants, combined with Elon Musk's Tesla strategy to switch to artificial intelligence, propelled the S&P 500 Index and the Nasdaq Index to record their best weekly performance this year.

Nicole Inui of HSBC said: “They are making a profit. We think the industry will continue to be strong in the second half of this year.”

Bank of America's Michael Hartnett predicts in his report to clients that the growth of large technology stocks will continue to lead the market until the threat of a recession becomes a reality.

At the same time, the potential of artificial intelligence is not limited to Microsoft and Google; these two companies are generally regarded as leaders in the industry. Brad Erickson, an internet analyst at the Royal Bank of Canada capital markets, said that this was an “overreaction” to Meta (META.US)'s stock price decline after profit. He believes artificial intelligence will be a key force driving the company's transformation.

It is worth mentioning that before Amazon (AMZN.US) and Apple (AAPL.US) are about to release important financial reports, the tech community's attention is once again focused on these two companies, and it is expected that their performance will be the key to testing whether the current high valuation of the AI technology industry is reasonable.