), and the rest of their Big Tech cohorts are gearing up for what is expected to be one of the more eventful earnings seasons in some time. Generative AI will no doubt be top of mind as the push to monetize the technology continues and investors look for any indication that those billions of dollars in investments are starting to pay off.
Microsoft will report earnings on April 25 as investors wait to learn more about how the company is monetizing its AI strategy. “We can be absolutely sure that the first and most important thing that investors are going to be eyeballing is companies kind of taking their AI washing and turning it into meaningful contributions to the top and bottom line,” Daniel Newman, CEO of the technology advisory and research firm The Futurum Group, told Yahoo Finance.
“How much is AI driving Azure? How much is AI driving Google Cloud growth? How much is it continuing to help AWS which has sort of seen its numbers slow,” said Newman., up from 3 percentage points in the prior quarter. And you can bet analysts will be looking to see if the company can keep that kind of growth up in the current quarter.interest in the technology. It will be interesting to see if the company provides any more context around that acceleration in its upcoming earnings call.
Outside of AI, investors are eagerly anticipating Apple’s iPhone revenue numbers and commentary on its lawsuits. On Monday, market intelligence firm IDC reported thatSales in China are also a problem for the company. Apple reported revenue in its third-largest market declined 13% in the prior quarter. That, coupled with falling iPhone shipments, could spell trouble for the company’s earnings.
Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 - pretty much his “whole nest egg,” he said.
Lawyers for former President Donald Trump said his $175 million bond posted to satisfy the judgement in the New York civil fraud case is financially sound, and they asked the judge to set aside the attorney general’s challenge to the bond and award him costs and fees.
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