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Microsoft, Alphabet earnings show AI is more than just hype

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Ted Mortonson,Alphabet,Baird Technology Desk

Both Alphabet (GOOG, GOOGL) and Microsoft (MSFT) posted quarterly results that topped Wall Street estimates. The big takeaway from both reports? That...

) posted quarterly results that topped Wall Street estimates. The big takeaway from both reports? That generative artificial intelligence is here and companies are spending on it, says both Baird Technology Desk Sector Strategist Ted Mortonson and RBC Capital Markets Software Equity Analyst Rishi Jaluria.

Mortonson agrees."We are going through, really, a generational infrastructure build," Mortonson says, adding that both Microsoft and Alphabet have an"advantage" because their"data center footprint already exists." Robert McLister: Rising yields on the government of Canada five-year bond signal rates could be entering a new cycle of highsTrump Media CEO urges House GOP leaders to address 'potential manipulation' of DJT stock

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