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AI is driving divergent paths for big tech stocks

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Microsoft's stock rose while Google's fell after the company's reported Q3 earnings. AI is driving the difference in narratives.

On the company's earnings call Alphabet CEO Sundar Pichai said the company is seeing "a lot of interest in AI" for the cloud segment, but revenue growth for the business area continued to slow down sequentially in Q3.

Both Microsoft and Google attributed increased capital expenditures to AI, but it was Microsoft's ability to directly attribute revenue to AI that excited Wall Street analysts. If investors leave the call ecstatic about AI, they might come back disappointed next quarter when expectations are tempered and AI projections are pushed out into future years stock got severely beaten down in the March 2020 COVID crash. Here's why it's probably not going lower. The post 1 TSX Stock Down 60% That Could Bounce Back Stronger appeared first on The Motley Fool Canada.

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If AI Is Indeed the 4th Industrial Revolution, You’ll Want to Buy These Stocks Sooner Rather Than Later Home buyers are backing out of deals at the highest rate in a year as surging mortgage rates slam the housing market

 

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