A race with Microsoft to deploy expensive generative artificial intelligence technology into services like search, cloud and software offerings won’t come cheap...
Continue ReadingAlthough the revenue and EPS for Alphabet (GOOGL) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers...
Continue ReadingYahoo Finance's Daniel Howley joins Brad Smith and Seana Smith to discuss what Twitter has to say about the earnings reports for Alphabet (GOOGL) and Microsoft (MSFT), AI, and the future for ad sales on Yahoo Finance's After the Call. The recent earnings calls of Google, also known as Alphabet, and Microsoft have sparked discussions on their performance, with some analysts pointing out that Google's call was a "snooze fest" compared to Microsoft's high-energy, AI-focused presentation, said Howley. Yahoo Finance put out a poll on Twitter to ask their viewers on who they think is winning the AI race. Daniel Howley reveals the results that might surprise you. Watch the video to learn more...
Continue ReadingYahoo Finance's Brad Smith and Seana Smith recap the top takeaways from Microsoft's (MSFT) and Alphabet's (GOOGL) earnings call, including the artificial intelligence opportunities in search and how the tech companies are incorporating A.I. into a number of their existing platforms. The demand for AI products remains strong, and Microsoft has surpassed 300 million monthly active users for Teams, with market share gains in all categories, said Seana Smith. Microsoft's CEO Satya Nadella believes the company is ready to lead the AI platform wave and make the necessary investments to stay ahead of the competition. Watch the video to hear Brad Smith's take on Alphabet. Key video moments: 00:00:22 - Microsoft and Alphabet stocks' after hours moves 00:01:39 - Microsoft's key takeaways 00:04:12 - Alphabet's key takeaways 00:06:51 - Brad and Seana's vibe check 00:08:35 - Wall st. vs. Main st...
Continue ReadingThe Nasdaq Composite (NASDAQINDEX: ^IXIC) suffered the steepest losses, but the Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) also lost more than 1% on the day. In particular, investors had been watching closely to see what tech giants Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) would say about their respective financial results. Read on to learn more about why Microsoft and Alphabet were so upbeat...
Continue ReadingCost-cutting and AI competition has forced tech group to redouble its efforts to turn research into services...
Continue ReadingAlphabet Inc said on Tuesday it would buy back $70 billion in stock and posted first-quarter profit and revenue above estimates as demand rose for cloud services and ad sales held up better than expected...
Continue ReadingIt's earnings season! Yahoo Finance is here to help with a roundup of what we learned on Q1 company earnings from GM, Pepsico, McDonald's, Microsoft, Google, and more. Pepsico PepsiCo CFO Hugh Johnston said, “Overall, the demand for our products continues to be quite high. I think revenue is a much more reflective metric of what's happening. And with 14% revenue, obviously, consumers are truly enjoying our products.” McDonald's TD Cowen Managing Director Andrew Charles added, "McDonald's is very well positioned to benefit, given those superior value perceptions." Video highlights: 00:05 - General Motors CFO Paul Jacobson 00:24 - PepsiCo CFO Hugh Johnston 00:33 - TD Cowen Managing Director Andrew Charles on McDonald's 00:47 - Roth MKM Managing Director Rohit Kulkarni on Google 01:00 - Morning Star Equity Analyst Sean Dunlop on Chipotle 01:07 - RBC Capital Markets Equity Analyst Rishi Jaluria Watch General Motors CFO Paul Jacobson's full interview here. Check out PepsiCo CFO Hugh Johnston's entire appearance here...
Continue ReadingMicrosoft (MSFT) and Alphabet Inc. (GOOG, GOOGL) shares rose in after-market trading after Microsoft beat expectations for growth of its cloud segment and Alphabet authorized a share buyback while reporting a decline in ad revenue. Shares of Redmond, Washington-based Microsoft jumped 5% after the company posted earnings per share of $2.45, beating analysts' expectations for $2.24. Alphabet, the parent company of Google, beat estimates for revenue, which came in at $69.8 billion and profit, which totaled $15.1 billion...
Continue ReadingAfter years of advances behind the scenes, 2023 is the year of artificial intelligence (AI), some are saying -- and with good reason. The launch of ChatGPT late last year took the world by storm, growing to 100 million monthly active users by January, marking the fastest adoption of a consumer app in history...
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