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Microsoft Leads Cloud Revenue in Q4 Despite AI Disappointment
2024-07-30 23:55:08
Business
Tech
Stocks

Microsoft Leads Cloud Revenue in Q4 Despite AI Disappointment

Microsoft's Q4 results showed a 6% stock drop after AI misses, overshadowing its Cloud revenue success. Despite surface-level setbacks, Microsoft excelled in Intelligent Cloud with a 19% gain.

Windows OEM saw a 4% increase, while Surface and Xbox hardware faced declines. Nonetheless, Xbox content/services surged by 61%, partly due to Activision.

Microsoft's M365 Consumer and LinkedIn user base grew by 10%, with Azure AI up by 8 points. Analysts predict Amazon's positive Q2 earnings, with a focus on AWS growth.

Twitch restores Trump's account, reflecting a broader trend towards pro-crypto stances and AI advancements in healthcare, like AWS's collaboration with GE HealthCare.

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Stock Market News Today: Nasdaq Sinks, Nvidia Drops 5% Ahead of ... Tech Earnings

The stock market saw declines as the Nasdaq sank and Nvidia dropped 5% ahead of the next round of Big Tech earnings. The S&P 500 and Dow also experienced losses. Investors are eagerly awaiting the Federal Reserve's decision, the jobs report, and earnings results from Microsoft, AMD, Apple, Amazon, and Meta. Semiconductor stocks, including Nvidia, lagged behind. Merck, Pfizer, and Procter & Gamble have reported their earnings, with Starbucks and AMD set to follow. July has been a volatile month for stocks, with a focus on AI trade and small caps. Policymakers are expected to lay the groundwork for a rate cut in September after the June inflation data. However, investors are weighing the expectations for rate cuts against concerns that the Magnificent Seven megacaps and Big Tech companies have lost their momentum, as AI investments come into focus. Nevertheless, investors are showing willingness to support companies that may currently have weak results but outline a turnaround in their business coming soon.

Microsoft Investors Concerned as AI Progress Lags

Despite Azure's growth and a 7% contribution from AI, Microsoft investors are uneasy over slow AI returns. The company's global revenue has steadily risen to $211.92B in 2023, while capital spending surged by 53% YoY to $13.64B. In contrast, Alphabet's profits soared by 29% due to AI investments. Investors are eager for Microsoft to hasten revenue growth despite a 13% stock rise this year. With Microsoft's personal computing business slowing down and a recent global outage linked to CrowdStrike software, the company's goal this week is to reassure Wall Street by showcasing substantial cloud revenue growth driven by AI.

Read 11 more recent news on this topic

The press radar on this topic:

Yahoo Finance
30. Juli 2024 um 20:13

Microsoft stock drops over 6% after results fall short in latest AI disappointment

Technology
Finance
Economy
Microsoft missed Q4 Cloud revenue, but gained market share from Google and Amazon due to AI. Google spent $13 billion on capex, mostly for AI. Amazon reports Aug. 1. Microsoft, Google, and Amazon stocks are up 22-23% YTD.
The Verge
30. Juli 2024 um 20:13

Microsoft’s cloud revenues rule again in Q4, as Surface continues to dip

Economy
Technology
Intelligent Cloud $28.5B, up 19%. Windows OEM up 4%. Copilot Plus PCs. Surface down 11%, Xbox hardware down 42%. Xbox content/services up 61%, Activision impact 58 points. Xbox Game Pass pricing up in September. M365 Consumer up 10% to 82.5M, LinkedIn up 10%, Azure AI up 8 points. New discless Xbox Series X, Galaxy Black edition coming.
The Street
5. August 2024 um 23:47

Analyst revamps Amazon stock forecast before earnings TheStreet Daily Newsletter

Economy
Finance
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Technology
Trump vows to fire SEC chair, positioning as pro-crypto. Amazon analysts adjust stock forecast ahead of Q2 earnings. Twitch reinstates Trump's account, citing value in hearing from nominees. Evercore ISI sees modest Q2 beat, revenue and operating income upside likely. BMO raises Amazon price target, cites AWS revenue growth path. Temu's growth, same-day/next-day growth, and higher retail margins. Amazon's Q1 earnings beat, CEO Jassy's comments, Google Cloud growth acceleration. AWS partners with..
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