AI is driving divergent paths for big tech stocks

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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Stock market news today: Nasdaq tumbles as Google slides, Microsoft jumps after earningsThe Google parent's cloud business fell short in its earnings, spreading some gloom for megacaps already under pressure from rising yields.
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Microsoft, Google, Meta, Amazon: Earnings reports to watchEarnings season is well underway and big tech is in the spotlight. Microsoft (MSFT) and Google (GOOG,GOOGL) are set to report on Tuesday. Meta (META) is...
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Microsoft stock jumps on revenue, earnings beatsMicrosoft reported its Q1 earnings after the bell on Tuesday, beating on the top and bottom lines.
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Microsoft stock jumps after revenue, earnings beatsMicrosoft shares rose after the tech giant's quarterly earnings beat on the top and bottom lines.
منبع: YahooFinanceCA - 🏆 47. / 63 ادامه مطلب »

Stock market news today: S&P 500, Nasdaq tumble as Google slidesThe Google parent's cloud business fell short in its earnings, spreading some gloom for megacaps already under pressure from rising yields.
منبع: YahooFinanceCA - 🏆 47. / 63 ادامه مطلب »