A look at the recent earnings reports of Microsoft and Alphabet leading to stock market decline.
Nasdaq-100 futures saw a decline as tech titans Alphabet and Microsoft reported post-earnings drop-offs. The aftermath of their reports highlighted investors' high expectations post an AI-driven market surge. Despite beating estimates, Microsoft and Google stocks faced significant falls; Alphabet shares plummeted by 6%, while Microsoft's were down by 2% in premarket trading. This rattled the tech sector, affecting heavyweight stocks like Apple and AMD.
Microsoft's strong Q2 earnings, driven by AI and cloud prowess, managed to outperform, yet stock prices took a hit. The market reacted adversely to the numbers, underscoring the challenges faced by tech giants despite positive results. The surge in AI development costs and limited returns compared to expectations led to a substantial market cap loss of $190 billion for AI-related companies.
In the wake of the Microsoft-Alphabet earnings saga, investor sentiment wavered amidst concerns over escalating AI costs and the industry's struggle to deliver on the AI promise. Analysts praised Microsoft's fiscal performance, while Alphabet's operating income missed targets, displaying the contrasting fortunes in the tech landscape.
Despite the stock market jitters post-earnings, both Microsoft and Alphabet continue their investments in cloud and AI technology. While Microsoft's revenue outlook impressed, Alphabet's shares witnessed a significant decline, underlining the challenges faced by tech giants in sustaining market confidence.
Nasdaq-100 futures fell as Alphabet and Microsoft shares slid post-earnings.
The selloff following the tech giants' reports after the bell underscored investors' elevated expectations following an AI-fueled stock market rally in ...
Both reported revenue and earnings that beat estimates, but MSFT sold off more than 2% and GOOG shares closed down almost 7%. Advanced Micro Devices (AMD) ...
Alphabet shares fell 6%, while those of Microsoft were down about 2% in premarket trading, bringing down heavyweight tech stocks including Apple, ...
Revenue at the search giant was $86.3 billion, compared with $76 billion a year earlier. Analysts were forecasting earnings of $1.59 a share on revenue of $85.3 ...
Nasdaq futures slid over 1% on Wednesday as rising AI cost projections from tech giants Alphabet and Microsoft disappointed investors, driving a slide in ...
Dow Jones futures: Microsoft, Google and AMD earnings are a test for AI, cloud and techs broadly. A judge struck down Elon Musk's huge pay plan.
Nasdaq futures slid over 1% on Wednesday, as tech giants Alphabet and Microsoft's projections for rising AI costs disappointed investors, dragging megacap ...
Microsoft's fiscal second-quarter earnings and revenue beat analysts' expectations, advertising sales at Alphabet miss estimates, AMD issues a weak ...
Tech giants on Tuesday talked up how customers are lapping up their generative AI-powered products, but mounting costs of developing the cutting-edge ...
Microsoft reported its Q2 earnings after the bell on Tuesday, beating on the top and bottom line.
When you are a stock priced for greatness but only deliver a super good earnings report...sometimes investors will get in a huff. Such is the case with the initial crop of earnings from tech behemoths Microsoft (MSFT), Advanced Micro Devices (AMD), ...
Start a free trial to read this article. Click 'LEARN MORE' to read the benefits of becoming a CNBC Pro subscriber. Start free trial* Sign In
total annual revenue. Alphabet's operating income of $23.7 billion for the fourth quarter also missed Wall Street's consensus target by about 1%. Its shares ...
The Magnificent Seven stocks aren't so magnificent in early Wednesday morning trading. Class A Shares of Alphabet (GOOGL) dropped more than 5% and ...
Much appeared to be resting on Microsoft's (NASDAQ:MSFT) shoulders ahead of the newly crowned world's most valuable company's latest quarterly readout.
It's Fed decision day, with the central bank set to keep interest rates steady though Fed Chairman Jerome Powell may provide clues on when rates will be cut ...
Microsoft disappointed investors with its latest financial report. While revenues were stronger than expected, the software giant's forecast for the current ...
Both Microsoft (MSFT) and Alphabet (GOOGL) Tuesday night reported cloud revenue ahead of analyst expectations. That raises the stakes for AMZN stock, ...
The stock market showed mixed results to start the day on Wednesday. Boeing stock helped lift the Dow Jones after its earnings results.
Microsoft disappointed investors with its latest financial report. While revenues were stronger than expected, the software giant's forecast for the current ...
By Emily Bary. Capital-spending forecast suggests Microsoft 'has line of sight to a significant increase in cloud revenue,' Bernstein says.
Deep involvement with artificial intelligence (AI) has made the company popular with investors, but that isn't (yet) the top motor of its growth.
Despite exceeding their top and bottom line expectations Alphabet shares were down over -7% today while Microsoft's stock dipped -2%. Still, over the last year, ...
AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft , Alphabet and Advanced Micro Devices delivered quarterly ...
Tech giants on Tuesday talked up how customers are lapping up their generative AI-powered products, but mounting costs of developing the cutting-edge ...
The core of investor discontent lies in the burgeoning costs associated with AI development. Both Microsoft and Alphabet are investing heavily in servers, data ...
Stocks tumbled Wednesday as Google-parent Alphabet's fourth-quarter earnings report and comments from Fed chair Jerome Powell soured the mood on Wall ...
Software giant warned of looming costs in the AI race that could dampen future growth as gen AI soaks up massive investments.