Microsoft’s heavy bet on AI pays off as it beats expectations in latest quarter

The Guardian— World’s largest public company reports $61.86bn revenue after investing billions into artificial intelligenceProfits at Microsoft beat Wall Street’s expectations as its heavy bet on artificial intelligence continued to bear fruit in the latest quarter.The technology giant has invested billions of dollars into AI in a bid to turbocharge its growth, particularly of its cloud computing services. Its cloud computing revenue surged by more than 20%. Continue reading

PYMNTS.com—Apple’s Quarter Beat Muted Expectations, but China and AI Battlefields Loom Large. The bar was, arguably, low coming into Apple’s latest earnings report. And the tech giant stepped over that bar, spurring investors to breathe a sigh of relief, sending shares up 6% higher in the wake of the post-earnings-close announcement. Yes, the decline in sales — at 4% — was better than some had feared. And […]

The Cerbat Gem—Wendy’s (NASDAQ:WEN) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS. Wendy’s (NASDAQ:WEN – Get Free Report) released its quarterly earnings data on Thursday. The restaurant operator reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02, Briefing.com reports. The firm had revenue of $534.80 million for the quarter, compared to analyst estimates of $540.84 million. Wendy’s had a net […]

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...