LinkedIn and search advertising revenue were higher than Microsoft had called for in October.
Read more: Alphabet and Facebook rise after Microsoft reports surprisingly strong advertising revenue
Shares of GameStop, which jumped 92.7% in trading, were up more than 60% in after-hours trading.
Read more: GameStop jumps after hours as Elon Musk tweets out Reddit board that’s hyping stock
Shares of AMD are up 85% over the past year.
Read more: AMD beats, driven by game console and PC sales
While the introduction of Xbox consoles in the quarter brought down Microsoft’s operating margin, server and cloud growth made the decline better than expected.
Read more: Microsoft reports 17% revenue growth as cloud business accelerates
Also on Tuesday, Jefferies raised its 12-month price target on Etsy to a Street high of $245 per share.
Read more: Etsy shares jump after Elon Musk tweets he ‘kinda loves’ the e-commerce company
Facebook announced it will start rolling out its Facebook News product in the U.K. on Tuesday, and will pay publishers for their content.
Read more: Facebook starts rolling out Facebook News to UK users and paying publishers for content
The government is a major purchaser of vehicles. However, replacing such a fleet with EVs assembled domestically will be costly and take time.
Read more: Biden plans to replace government fleet with electric vehicles
Apple did not mention what project Riccio would work on in its announcement.
Read more: Apple taps hardware chief to lead new mystery project