Hyperscaler stocks rose on Monday as positive earnings results from Microsoft (MSFT) and Amazon (AMZN) last week buoyed investor confidence in the artificial intelligence leaders. Microsoft and Amazon climbed more than 5%, while Oracle (ORCL) jumped 6%, Meta (META) rose more than 7%, and Google (GOOG, GOOGL) was up more than 5%. Meta, meanwhile, recovered all of its losses after posting second quarter earnings last week that fell flat. CFO Amy Hood said that will move future data center leases from finance leases to operating leases, which aren't included in capital expenditures. Amazon, meanwhile, said during its Q2 earnings call that both its AI and chip businesses now have annual revenue run rates of $25 billion.