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.
The company reported revenue of $69.6 billion and earnings of $3.23 per share, compared to the consensus estimates of $68.8 ...
The DeepSeek news over the weekend has caused a bit of chaos in the technology world, as the AI giants are all struggling to ...
Investors grow concerned that AI expenses and a looming price war in cloud services could blow up its profits.
Analysts expect the Redmond, Washington-based company to report quarterly earnings at $3.12 per share, up from $2.93 per ...
Telsa, Microsoft, and Meta all have earning calls after the bell during the Wednesday session. It is also worth noting that ...
Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak ...
Microsoft shares fell over 4% after Q2 results showed disappointing revenue forecast, but GAAP earnings beat estimates.
Microsoft highlighted the expansion of its artificial intelligence division, which generated $13 billion in sales annually.
U.S. stocks ended higher on Thursday as investors digested a stack of key earnings reports, with upbeat comments from Tesla ...
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