There's strong evidence that one of the biggest contributors to the market's ongoing bull market rally is artificial intelligence (AI). The boom that began early last year has continued, though market watchers have been debating whether it could last. Results released today by one member of the auspicious collective known as the "Magnificent Seven" put the debate to rest, at least for the time being.

With that as a backdrop, social media maven Meta Platforms (NASDAQ: META) climbed 4.3%, e-commerce pioneer Amazon (NASDAQ: AMZN) rose 3.1%, and enterprise software giant (NASDAQ: MSFT) climbed 1.9%, as of 1:24 p.m. ET.

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Source Fool.com