Microsoft stock

2024 - 1 - 31

Microsoft and Alphabet Stocks Plummet After Disappointing Earnings

AI - Alphabet - earnings - Microsoft - stock market - tech sector

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.

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Nasdaq-100 futures slide, Alphabet and Microsoft shares drop after ... (CNBC)

Nasdaq-100 futures fell as Alphabet and Microsoft shares slid post-earnings.

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Alphabet, Microsoft earnings shake AI companies, erase $190 billion (CTech)

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Tech stocks Microsoft, Google & AMD take a hit (IG Bank)

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Investors punish Microsoft, Alphabet as AI returns fall short of lofty ... (Yahoo Canada Finance)

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US STOCKS-Nasdaq futures sink as Alphabet, Microsoft disappoint ... (Nasdaq)

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Investors punish Microsoft, Alphabet as AI returns fall short of lofty ... (Reuters)

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Microsoft beats Q2 earnings on AI, cloud strength (Yahoo Finance)

Microsoft reported its Q2 earnings after the bell on Tuesday, beating on the top and bottom line.

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Why Microsoft, Google, and AMD's stocks are getting hit after big quarters (Yahoo Finance)

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Microsoft Has Three Trillion Reasons to Keep the Heat on Google (The Wall Street Journal)

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 ...

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Why Microsoft Stock Remains A Solid Buy After Its Mixed Earnings ... (Forbes)

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Should Investors Buy the Dip in Alphabet or Microsoft Stock After ... (Zacks.com)

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AI companies lose $190 billion in market cap after Alphabet and ... (Reuters)

AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft , Alphabet and Advanced Micro Devices delivered quarterly ...

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Investors weary of cost of AI development as Microsoft, Alphabet ... (New York Post)

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