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Market Volatility as Dow Jones Futures Fall on Microsoft and ...
2024-08-01 05:50:08
Markets
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Market Volatility as Dow Jones Futures Fall on Microsoft and AMD Results

Dow Jones futures fell as Microsoft's weak Azure growth and AMD's uncertain guidance weighed on investor sentiment. The market rally showed divergence, with small caps and non-tech sectors remaining steady while tech leaders like Nvidia faced a sell-off.

Microsoft reported mixed results, with Azure revenue growth decelerating and AI spending surging. AMD, on the other hand, reported strong earnings and provided positive guidance.

Despite the market turbulence, top analysts added Nvidia to their top pick list, citing strong AI chip demand. The Fed meeting looms ahead, leaving investors awaiting the rate decision.

Microsoft's CEO, Satya Nadella, reassured investors that profits from the company's AI investments are on the horizon. The company remains focused on leading the AI era and aims to deliver substantial cloud revenue growth driven by AI.

The performance of Microsoft's personal computing business will also be closely watched by investors.

Related news on that topic:

Amazon Stock Declines on Disappointing Sales Outlook

Amazon's stock dropped 5% as Q3 sales guidance missed estimates, despite exceeding EPS expectations. AWS showed strong growth, while advertising revenue fell short. Amid Big Tech earnings reports, including Microsoft, Alphabet, Meta, and Apple, investors are wary of significant AI spending. The company faces increased competition from ecommerce giants like Temu and Shein. The Q3 revenue and profit forecasts below expectations led to an 8% decline in stock price. Amazon is ramping up capital expenditures to boost AI and cloud services, aiming to stay ahead in the market. Major news events like the Olympics and political disruptions have impacted consumer spending habits, posing challenges in sales forecasting, according to Amazon's CFO. This uncertain landscape may also influence marketing strategies of other companies amidst ongoing economic pressures.

Amazon Stock Falls on Weaker Sales Outlook

Amazon's stock fell 5% after reporting Q3 sales guidance below estimates. The company beat EPS but missed revenue. AWS saw strong growth, while advertising missed. Investors have limited patience for massive AI spending, heightening scrutiny on Wall Street. Despite beating expectations for Q2 earnings, Amazon's revenue missed and the company gave a lower sales outlook. AWS sales grew 18.7%, but advertising and third-party seller fees fell short. CEO Jassy has cut costs, but North American retail operations missed. Amazon's focus on AI to compete with Microsoft and Google has led to increased investments, impacting margins. The company projects lower-than-expected revenue for Q3. Despite strong growth in AWS and online store sales, investors remain cautious, favoring lower-priced goods. The stock is down over 4% post-earnings, reflecting the scrutiny on Big Tech results.

Read 51 more recent news on this topic

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Yahoo Finance
31. Juli 2024 um 12:14

Dow Jones Futures Fall On Microsoft, But AMD Jumps After Nvidia Sell-Off; Fed Pivot Looms | Investor's Business Daily

Finance
Technology
Dow Jones futures fell, led by Microsoft's weak Azure growth. AMD, Arista, First Solar reported. The Fed meeting is next. The market rally diverged, with small caps and nontech sectors steady while tech leaders like Nvidia fell. Microsoft's Azure revenue grew 29% but decelerated, while its capital spending guidance eased investor fears. AMD earnings beat and guided up. Nvidia stock rose after hours, while Arista earnings beat and guided higher. Pinterest earnings edged past views but guided lo..
The Street
1. August 2024 um 22:45

Stock Market Today: Tech leads rebound with Fed decision in focus TheStreet Daily Newsletter

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U.S. equity futures rose, led by chip stocks like Advanced Micro Devices and Nvidia, as investors await Fed rate decision. Boeing named new CEO. Bank of Japan raised rates, while Bank of England to announce decision tomorrow. Microsoft reported mixed results, Meta Platforms to report after market close. Global oil prices jumped after assassination of Hamas leader. S&P 500, Dow Jones, and Nasdaq futures all pointed higher.
Tagesschau - Wirtschaft und Börsen-Nachrichten
31. Juli 2024 um 20:19

Subdued DAX start expected Microsoft and AMD unsettle the markets

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Subdued DAX start expected; Microsoft and AMD unsettle markets; Fed decision this evening for additional tension.
The Street
6. August 2024 um 23:47

Microsoft shares look to move lower TheStreet Daily Newsletter

Finance
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Microsoft CEO Satya Nadella insisted that the profits from the company's AI investments are coming, despite investor concerns over the short-term impact on the stock price. The company is facing similar challenges to its cloud computing business, which eventually became a major revenue driver.
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