Alphabet, Microsoft earnings show hefty AI bets are driving growth

) 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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

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.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

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...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »