Microsoft shares slide as cloud forecast, AI spending disappoint
Microsoft on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down 4.5% in after-hours trading as investors worry about big spending, elusive artificial intelligence revenue and competition from cheaper AI models from China.
Microsoft’s cloud sales disappoint as it struggles to meet AI demand
Microsoft’s vast cloud division posted slower growth than Wall Street forecast as the tech group struggled to keep pace with customer demand for artificial intelligence-related services. The Seattle-based software group beat analysts’ expectations for revenue and net income in the quarter ending in December,
Microsoft, MSFT, CEO Satya Nadella is expected to talk about DeepSeek, Stargate, Azure, Copilot, AI, GenAI and more on the ...
The tech giant’s revenue was up 12 percent to $69.6 billion, but investors are showing their nerves after a long boom for ...
Shares in Microsoft fell 2.8% in afterhours trading as the tech giant released fourth-quarter earnings. The company reported earnings per share of $3.23 and revenue of $69.6 billion. Microsoft was ...
Microsoft on Wednesday posted disappointing Azure cloud business growth and large artificial intelligence expenses, hitting ...
Other analysts seem to agree. Out of 58 analysts that cover the stock on Wall Street, 39 rate it a "buy" and 14 rate it a ...
From hesitancy to open arms Wall Street has gone all-in on the public cloud this year ... which stands to make the tech giant a lot of money. AWS' financial services team, established in 2015 ...
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Amazon has caught up in the AI race, analysts say, and its stock surges to another recordShares of Amazon.com Inc. climbed toward another record close Friday, as the e-commerce and cloud giant appears to have ... appears “underappreciated” by Wall Street. “Demand is robust ...
Google Cloud bested Wall Street expectations by generating over $9.1 billion in revenue during its fourth quarter 2023 as the cloud giant reported its most profitable quarter in company ...
Wall Street has finally begun to ... push to adopt AWS that will see the private equity giant migrate many of its applications to the cloud, CTO John Stecher told Insider. The firm plans to ...
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