2024-08-01 05:50:08
Markets
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Market Volatility as Dow Jones Futures Fall on Microsoft and AMD Results
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The Street
Microsoft stock tumbles after key segment disappoints TheStreet Daily Newsletter
Economy
Technology
Finance
Microsoft Q4 earnings beat, but Azure growth slowed and AI spending surged. Azure grew 29%, missing 30% estimates. Intelligent Cloud revenues rose 19% to $28.52B, missing forecasts. Microsoft noted 8 percentage points of Azure growth came from AI investments. Productivity and business revenues, including Office 365, rose 11% to $20.3B. More Personal Computing revenues, including Windows, rose 14% to $15.9B. CEO Satya Nadella said Microsoft is focused on "leading the AI era". RBC analyst Rishi..
Yahoo Finance
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..
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