Microsoft Corp. (MSFT)
Microsoft is closing its local operations in Pakistan
Microsoft is closing its operations in Pakistan, marking the end of a 25-year presence in the South Asian nation.
Microsoft: Cloud Pointing To Market Cap Convergence With Alphabet
Google Cloud is growing faster than Microsoft Cloud, maintaining a 28% CAGR versus Microsoft's slowing 22% growth. Google's legacy advertising business is nearly twice the size of Microsoft's legacy segment and is growing at the same 10% rate. The market undervalues Google's future potential, especially as its cloud and subscription revenues accelerate and rival Microsoft's scale.
Microsoft and Nvidia Are the Odd $4 Trillion Power Couple
AI has propelled the two companies toward an exclusive club, but Microsoft's path forward is more complicated.
Microsoft layoffs hit 830 workers in home state of Washington
Microsoft's latest job cuts affected a wide swath of employees in the company's home state of Washington. Nearly a dozen game design workers in the state were part of the layoffs, along with three audio designers and two mechanical engineers.
AI momentum puts tech stocks on track for strong second half
Technology shares are heading into the second half of the year on a bullish footing, with growing adoption of artificial intelligence expected to drive another leg higher in the sector's rally. Wedbush predicts a further 10% gain for tech stocks by the end of 2025, with Nvidia Corp (NASDAQ:NVDA, ETR:NVD), Microsoft Corp (NASDAQ:MSFT), Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB), Palantir Technologies Inc (NYSE:PLTR) and Tesla Inc (NASDAQ:TSLA) flagged as top picks.
Microsoft's Copilot Revenue May Trail ChatGPT And Anthropic
In 2023, analysts estimated Microsoft's Copilot AI chatbot would garner $30 billion in revenue. The software giant did not reveal Copilot revenue in its latest earnings call even as OpenAI reports $10 billion in annual recurring revenue.
Microsoft Layoffs Are Here and These 3 Games Have Already Been Canceled
Microsoft is cutting more than 9,000 jobs -- 4% of its global workforce -- and as a result, Everwild and the Perfect Dark reboot have been put out to pasture.
Microsoft announces new layoffs today, cutting 4% of its workforce
Microsoft is making a new round of deep cuts to its workforce, eliminating 9,000 jobs company-wide. The company began notifying employees of the layoffs, which will shrink the company by 4%, on Wednesday morning.
Microsoft plans to replace many of the salespeople it laid off with more technical roles to compete with OpenAI, Google
Microsoft's latest round of layoffs takes place as the company revises its strategy for selling AI tools. The layoffs target traditional sales roles, some of which will be replaced by technical salespeople.
Magnificent 7 Now The Troubling 3, Underscores Market Weakness
Market gains are driven by a concentrated group (NVIDIA, Microsoft, and Meta) raising concerns for Michael Kramer from Mott Capital Management and Reading The Markets about sustainability and overvaluation in tech. AI hype is real, but commoditization and high spending may limit long-term profits for current leaders.
Microsoft Layoffs Result in at Least 3 Games Being Cancelled
Microsoft is cutting upward of 9,000 jobs in its latest round of layoffs; Perfect Dark and Everwild among games to be cancelled.
Microsoft Layoffs Continue With Another 9,000 Cuts
Microsoft is cutting around 9,000 jobs in a second major wave of layoffs for the year. Bloomberg's Brody Ford discusses the plan with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.
