- Google-parent Alphabet's cloud business suffered as long-time rival Microsoft's took off in the September quarter, demonstrating early signs that the Windows maker's investment in artificial intelligence was paying off.The drop in Alphabet's shares, despite it beating Wall Street estimates for overall profit and sales, showed investors wanted it to deliver gains in artificial intelligence and demonstrate it remained competitive against Microsoft's Azure and Amazon.
Microsoft has been integrating OpenAI's technology across its product catalog, from its search engine Bing to its workplace productivity software suite Microsoft 365 and software coding platform Github. RBC Capital Markets has previously estimated that Microsoft will clock over $3 billion in revenue from generative AI offerings this fiscal year.
Amazon is scheduled to report quarterly results on Thursday, and analysts expect AWS to post a rise 12.4% in sales. Amazon shares fell 1.4% in post market trading on Tuesday. 'This makes me so mad': Kevin Hart, Mark Cuban regret passing on the chance to invest in this multibillion-dollar company in its early stages — here's why it haunts them to this day
An "extremely bearish" technical pattern, known as a double top, has taken shape on the Magnificent 7 stocks' combined price chart, fueling fears of a selloff.Three Canadian energy stocks are flashing buy signals because of new business developments, not only rising oil prices. The post Investing in Canadian Energy Stocks: Is Now the Right Time? appeared first on The Motley Fool Canada.
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