Alphabet, Microsoft earnings show hefty AI bets are driving growth

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 16 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 174%
  • Publisher: 92%

Canadian News Noticias

Canada News,Breaking News Video,Canadian Breaking News

Big technology, chip stocks lifted by the results

) ignited a rally in technology stocks on Friday with earnings that showed big AI investments were driving growth, allaying doubts that their costly bets would take time to pay off after a soft forecast from Meta Platforms we’ve heard from thus far all highlighted a similar message on AI capital expenditure - this is an arms race, the AI opportunity is enormous, and spending will continue to be aggressive/ahead of market expectations,” Bernstein analyst Michael Chiang said.

At least 19 analysts raised their price target on Alphabet, pushing the median view to $176.65, compared with its last close of $156. Microsoft saw 17 price-target increases from analysts, with the median view on the stock now at $475.Some analysts believe the more premium valuation was justified.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 5. in MX
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stocks open higher, fueled by Alphabet, Microsoft resultsThe major indexes (^DJI,^GSPC, ^IXIC) opened higher on Friday morning thanks to strong results from Alphabet (GOOG, GOOGL) and Microsoft (MSFT). Investors...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: US futures jump, fueled by stellar Alphabet, Microsoft earningsStellar earnings from the 'Magnificent Seven' duo have reignited optimism for a rally, but the PCE inflation print could put a spoke in the wheel.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

PCE reading, Microsoft, Alphabet jump on earnings: Yahoo FinanceInvestors are digesting the Fed's preferred inflation measure after the release of the Personal Consumption Expenditures (PCE) index.Big Tech is coming to...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »