Microsoft shares fell in Europe on Thursday after it issued a downbeat forecast for its cloud business, while Facebook parent Meta shares rose after beating expectations, as investors scrutinised the companies' spending on artificial intelligence.
Tesla’s fourth-quarter adjusted earnings miss analysts’ estimates but the stock rises on optimism over the electric-vehicle maker’s growth projections, Microsoft’s Azure growth misses estimates, and Meta’s fourth-quarter profit handily tops forecasts.
The Windows maker missed market estimates for quarterly revenue growth at Azure and gave a third-quarter forecast for the business that was below expectations
Investors react to the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, as well as results from Meta, Microsoft and Tesla.
Microsoft shares fell 3.5 per cent in premarket trading on Thursday after the company issued a downbeat forecast for its cloud business, while Meta rose 2.6 per cent after beating quarterly revenue estimates.
The CEOs of the two companies said the massive AI spending was crucial to staying competitive in the new field
That was the combined capital spending by Microsoft and Meta Platforms last quarter, nearly double the same period the previous year. The bulk of it is going on chips and data centers to power generat
A plane carrying 64 crashes with an Army helicopter near Washington, Tesla’s quarter was lackluster as investors look to future, and more news to start your day.
The Magnificent Seven kicked off earnings season on Wednesday with Tesla, Microsoft, and Meta Platforms. The results were mixed, as Tesla and Microsoft fell short of market expectations in the growth of their core businesses, while Meta Platforms exceeded ...
Rearranging pages in Word means organizing content for better flow. Learn step-by-step tips to move, reorder, and structure your document easily.
Oil company Shell says is still mulling moving its stock market listing from London to New York but that it wasn't a “live discussion” at the moment.