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.
Tech earnings live: Microsoft shares slip after cloud sales miss estimates
Microsoft spent $22.6bn on capital expenditure in the second quarter of the year, as mammoth spending on artificial intelligence persists. The Seattle-based group said in a blog post earlier this month that this fiscal year it would spend an estimated $80bn to build out the data centre infrastructure necessary to train AI models and deploy applications,
The tech giant’s revenue was up 12 percent to $69.6 billion, but investors are showing their nerves after a long boom for ...
Microsoft took a loss this last quarter despite a big game release, and it's clearly the Xbox Series X/S that's to blame.
Microsoft's disappointing Azure numbers are "neutral to modestly negative" for rivals Amazon.com and Alphabet, according to RBC Capital Markets analyst Brad Erickson. Alphabet stock rose 1% while ...
Microsoft Corp. said Wednesday that its profit for the October-December quarter grew 10% from the same time last year as it ...
Revenue in Microsoft's 'Intelligent Cloud' segment was $25.5 billion for the quarter, an increase of 19 percent ...
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Microsoft (NASDAQ:MSFT) Beats Q4 Sales TargetsTech giant Microsoft (NASDAQ:MSFT) reported in Q4 CY2024, with sales up 12.3% year on year to $69.63 billion. Its GAAP profit of $3.23 per share was 4% above analysts’ consensus estimates. Is now the ...
“We are innovating across our tech stack and helping customers unlock the full ROI of AI to capture the massive opportunity ...
Microsoft reported lower-than-expected revenue growth for its AI and cloud divisions as scrutiny grows over tech's AI ...
Microsoft’s latest financial results reveal that Xbox console sales are down a calamitous 29% over Christmas, with Call Of Duty boosting Game Pass by only a fraction.
Microsoft Corporation (NASDAQ:MSFT), a titan in the technology industry with a market capitalization of $3.09 trillion, ...
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