Microsoft’s AI revenue grows, but its stock falls on lower guidance and concerns over spending
Microsoft is a key backer of OpenAI and it has committed to spending $80 billion on AI infrastructure this year in order to expand its global network of high-powered data centers to meet demand for the specialized chips required to train and run AI models.
The company reported revenue of $69.6 billion and earnings of $3.23 per share, compared to the consensus estimates of $68.8 billion and $3.11, respectively.
Microsoft shares tumbled Thursday after the company’s weaker-than-expected fiscal second-quarter cloud growth prompted some analysts to be more cautious about the stock.
Shares of Microsoft (MSFT) are down after the technology giant reported Fiscal second quarter financial results that showed ...
Investors punished Microsoft with a 6% share drop on Thursday as hefty AI bets failed to drive a big increase in its cloud ...
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The S&P 500 ( ^GSPC) gained 0.3%, while the Dow Jones Industrial Average ( ^DJI) also rose 0.3% The tech-heavy Nasdaq ...
In Q2 FY2025, Microsoft outperformed top and bottom line estimates, with total revenues increasing +12% y/y to $69.6B (vs.
Investors react to the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, as well as results ...
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