Microsoft (MSFT) pleased investors with its AI-driven boost in cloud revenue, while Alphabet (GOOG, GOOGL) disappointed and reported a miss on cloud revenue estimates. Yahoo Finance’s Josh Schafer reports on how these figures are pushing Big Tech companies to show that AI is driving real sales amid broader uncertainty. Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here...
Continue ReadingU.S. stocks tumbled on Wednesday as Alphabet shares slid after the Google parent posted disappointing earnings and as U.S. Treasury yields rose, reviving fears that interest rates could stay higher for longer. The benchmark S&P 500 index notched its fifth daily decline in six and the Nasdaq composite had the largest percentage drop, with interest rate sensitive megacaps weighing heavily the tech-laden index...
Continue ReadingShares of cloud and artificial intelligence (AI)-related software stocks C3.ai (NYSE: AI), Salesforce (NYSE: CRM), and Datadog (NASDAQ: DDOG) were plunging today, down 6%, 3.6%, and 6.5%, respectively, as of 3:03 p.m. ET. While Microsoft's Azure revenue was strong, accelerating to 29% growth relative to the 26% growth from the prior quarter, Alphabet's Google Cloud growth decelerated markedly to 22.5% growth from 28% in the prior quarter...
Continue ReadingMicrosoft's market value soared while Alphabet's tumbled after earnings on Tuesday told different stories about their cloud businesses and potential AI might...
Continue ReadingMeta's strong Q3 earnings and potential as an AI company make it an undervalued stock. Learn why Meta stock offers significant upside potential for investors...
Continue ReadingTech stocks to watch this month...
Continue ReadingMeta Platforms had strong Q3 earnings, exceeding expectations with 23% revenue growth and substantial increase in EPS. Learn more about META stock here...
Continue ReadingDespite some soft spots in the earnings report, Alphabet remains a solid long-term investment with strong growth potential. Find out if GOOGL stock is a buy...
Continue ReadingThe tech-heavy Nasdaq Composite is down around 1.2% in recent trading, lagging behind its peers. To some analysts, the recent volatility is a harbinger of more tumult to come, and a sign that the stock market's stars—mega-cap tech stocks—are susceptible to [poor earnings reactions](https://www...
Continue ReadingStocks were mixed on Wednesday after the latest round of earnings prompted concern among investors over the economic outlook, adding to the angst over painfully high interest rates, while benchmark U.S. Treasury yields and the dollar ticked up. Weighing on the indexes were shares in Alphabet, which fell 8.7% after the company reported another slowdown in its cloud business, while Microsoft shares rose 2.3% after it beat estimates. "Tech earnings got off to a mixed start last night thanks to a focus on cloud computing, one of the big money spinners for the sector," Chris Beauchamp, IG Group chief market analyst, said...
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