What to expect from Meta Platforms, Microsoft earnings after the bell

  • 📰 CNBC
  • ⏱ Reading Time:
  • 43 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 72%

Microsoft Corp News

Meta Platforms Inc,Technology,Investment Strategy

Another busy day of megacap technology earnings kicks off Wednesday with results from Meta Platforms and Microsoft after the bell.

Capital expenditures spending remain top of mind for investors this reporting season after concerns about the payoffs from artificial intelligence investments dented sentiment and pressured the behemoths earlier this year. Those concerns haven't dissipated, with D.A. Davidson analyst Gil Luria noting that capex figures are the "best indicator of NVDA demand." Citi's Ronald Josey thinks that these projections could, however, come in on the conservative side.

mountain Shares this year Rosenblatt's Barton Crockett views the high end of Meta's third-quarter guide as attainable due to ongoing tailwinds from AI innovation and a lift to advertising return on investment. He noted that the company has met or come within 1% of the high end of its next quarter guide over the last year and a half.

mountain Microsoft year-to-date performance In fact, dour sentiment and share underperformance create an attractive setup for the company as Azure growth and demand stabilize, said Morgan Stanley's Keith Weiss. "We remain confident in the magnitude of estimate upside driven largely by Azure, as traditional workload growth appears more de-risked following the volatility of last quarter and the AI demand is firmly building ahead of the F2H capacity unlock," Weiss wrote.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer's week ahead: Earnings from Alphabet, Meta, Apple, Microsoft and AmazonCNBC’s Jim Cramer on Friday urged investors to keep a level head during next week’s busy slate of corporate earnings and influential economic…
Source: NBCNewYork - 🏆 270. / 63 Read more »

Jim Cramer explains why the Magnificent Seven have lasting strength in the marketThe Magnificent Seven includes Amazon, Alphabet, Apple, Microsoft, Nvidia, Meta and Tesla.
Source: NBCLA - 🏆 319. / 59 Read more »