Microsoft Surges As AI-Growth Drives Across-The-Board Beat
by Zero Hedge
Zero Hedge— Microsoft Surges As AI-Growth Drives Across-The-Board Beat Investors can exhale after META's meltdown as MSFT just reported better-than-expected revenues in Q3 of $61.86 billion (estimate $60.87 billion). All the business segments also beat expectations: Productivity and Business Processes revenue $19.57 billion, estimate $19.54 billion More Personal Computing revenue $15.58 billion, estimate $15.07 billion With the AI-exposed segments strong: Microsoft Cloud revenue...
ETtech.com—AI investments: Alphabet, Microsoft earnings show hefty AI bets are driving growth. Alphabet and Microsoft ignited a rally in technology stocks on Friday with earnings that showed big AI investments were driving growth, allaying doubts that their costly bets would take time to pay off after a soft forecast from Meta Platforms. Alphabet rose 10%, crossing $2 trillion in market value with a gain of about $180 billion as it sweetened the pot for investors with its maiden dividend and a $70 billion stock buyback. The world's fourth most valuable firm flirted with the milestone on...
Rappler—Alphabet, Microsoft earnings show hefty AI bets are driving growth. After pouring billions of dollars into the infrastructure needed to support AI applications, both Alphabet and Microsoft report their quarterly revenue growth was outpacing expectations as more users turn to services including the Copilot AI assistant and the Gemini chatbot
ETtech.com—Eye on AI: AI boosts growth for cloud giants, US newspapers sue Microsoft, OpenAI. AI BOOSTS GROWTH FOR CLOUD GIANTSIn the January-to-March quarter, Amazon’s cloud computing arm Amazon Web Services, Microsoft’s Azure and Google Cloud grew at 17%, 31% and 28%, respectively, the companies reported. Analysts said this was a sign that AI is contributing to the growth and that overall cloud spending is also accelerating, Reuters reported. On the other hand, Meta CEO Mark Zuckerberg in its earnings call emphasised the company’s longterm investment in AI, which led to its shares...