Microsoft results top Wall Street targets, driven by AI investment
Apr 26, 2024 · April 25 (Reuters) - Microsoft (MSFT.O) beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud...
Stock market today: Microsoft, Meta and the burden of …
5 days ago · NEW YORK (AP) — The downside of high expectations thumped Wall Street on Thursday, and Microsoft and Meta Platforms dragged U.S. stock indexes lower despite delivering strong profits for the summer.. The S&P 500 sank 1.9% for its worst day in eight weeks and fell further from its record set earlier this month. The Dow Jones Industrial Average dropped 378 …
What Wall Street is saying about Microsoft ahead of earnings
Oct 29, 2024 · What to watch for: CLOUD: In its fiscal fourth quarter, the company reported earnings and revenue that beat consensus forecasts. Server products and cloud services revenue increased 21%, or 22% in...
Microsoft’s Quarterly Revenue Is Up 16% to $65.6 Billion
6 days ago · Profit rose 11 percent, to $24.7 billion. The results surpassed Wall Street’s expectations and Microsoft’s own predictions. At the same time, Microsoft showed little sign that it was putting ...
Wall Street punishes Alphabet and Microsoft despite earnings …
Jan 30, 2024 · Wall Street punishes Alphabet and Microsoft despite earnings beats after stocks hit record. Published Tue, Jan 30 20247:38 PM EST Updated Wed, Jan 31 20244:20 PM EST. Ashley Capoot...
How Microsoft Catapulted to $3 Trillion on the Back of AI
Jan 25, 2024 · Microsoft MSFT 0.12% on Thursday became the second company ever to end the trading day valued at more than $3 trillion, a milestone reflecting investor optimism that one of the oldest tech ...
Microsoft Profit Jumps 10%, but Cloud Computing Grows Less …
Jul 30, 2024 · The results beat Wall Street’s expectations and Microsoft’s own predictions. But the company’s cloud computing business did not grow as quickly as investors had expected, leading its share...
Nasdaq leads Wall Street gains as Microsoft hits record
Nov 21, 2023 · Nov 20 (Reuters) - Wall Street's three major stock averages closed higher on Monday with Nasdaq's 1% rally leading the charge as heavyweight Microsoft hit a record high after it hired...
Stock Market Today: Microsoft, Meta and the Burden of …
6 days ago · It fell 4.1%. Both Microsoft and Meta Platforms have soared in recent years amid a frenzy around AI, and they’re entrenched among Wall Street’s most influential stocks. But such stellar ...
Wall Street cheers Microsoft's 'coup' hiring Altman after OpenAI …
Nov 20, 2023 · Microsoft shares closed at $377.44 on Monday, up more than 2%, after initially falling on Friday afternoon following the announcement Altman was out at OpenAI.