Quarterly numbers: Microsoft wins and Google loses on the stock market:
The quarterly figures of the big tech groups Microsoft and Google are both quite ...
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Microsoft Surges on AI and Cloud SuccessMicrosoft’s revenue rose 13% to $56.5B, while Alphabet’s 11% growth failed to prevent a nearly 6% stock drop.
- Microsoft posted significant revenue and profit growth fueled by Azure cloud services and its Open AI collaboration.
- Alphabet beat revenue and earnings estimates but disappointed investors with weaker than expected cloud performance.
- The AI boom is driving demand for high-performance data centers, with European computing power recently hitting record levels.
- Microsoft’s stock rose about 4% after hours, whereas Alphabet’s shares dropped nearly 6% during the same period.
The Google Cloud Platform risks falling further behind Azure and AWS.— Jesse Cohen, Senior Analyst at Investing.com, on Alphabet/ Google Cloud
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