Alphabet and Microsoft earnings show AI is still Wall Street gold
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AI investments: Alphabet, Microsoft earnings show hefty AI bets are driving growth
Alphabet and Microsoft 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. Alphabet rose 10%, crossing $2 trillion in market value with a gain of about $180 billion as it sweetened the pot for investors with its maiden dividend and a $70 billion stock buyback. The world's fourth most valuable firm flirted with the milestone on...
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Alphabet, Microsoft earnings show hefty AI bets are driving growth
After pouring billions of dollars into the infrastructure needed to support AI applications, both Alphabet and Microsoft report their quarterly revenue growth was outpacing expectations as more users turn to services including the Copilot AI assistant and the Gemini chatbot
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Microsoft To Invest $2.2 Billion In Cloud And AI Services In Malaysia
KUALA LUMPUR, Malaysia (AP) — Microsoft CEO Satya Nadella says the company will invest $2.2 billion over