Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Caroline Hyde, Scarlet Fu, Carol Massar and Tim Stenovec. -------- More on Bloomberg Television and Markets Like this video?
Microsoft Corp (NASDAQ:MSFT) shares fell more than 3% after the bell Wednesday on slower-than-anticipated growth in its cloud segment. Despite the overall strong results, investors were disappointed with Microsoft's Azure cloud business, where revenue growth in constant currency slowed to 31% year-over-year, missing analysts' estimates of 32% and down from 34% in the prior quarter.
The tech giant's revenue was up 12 percent to $69.6 billion, but investors are showing their nerves after a long boom for tech stocks.
CNBC's Steve Kovach and Adam Crisafulli, Vital Knowledge, join 'Closing Bell Overtime' to talk Microsoft earnings.
Microsoft says it's generating revenue from its artificial intelligence products and services at a rate of $13 billion annually, exceeding the $10 billion run rate that the company foreshadowed previously.
Microsoft is probing if a DeepSeek-linked group took OpenAI data and Howard Lutnick, Trump's nominee for commerce secretary, said DeepSeek "stole things." Bloomberg's Caroline Hyde has more on the story.
Microsoft reported slower-than-expected growth in its crucial Azure cloud business on Wednesday despite beating estimates for overall quarterly revenue, sending its shares down 4% in extended trading.
Microsoft has made Chinese startup DeepSeek's R1 artificial intelligence model available on its Azure cloud computing platform and GitHub tool for developers, the U.S. company said on Wednesday.
Questions over multibillion-dollar spending on AI are mounting, spurred by DeepSeek's shock to US stock market
Alex Stamos, SentinelOne chief information security officer, outlines the security concerns related to DeepSeek's app and the safety of their open-source code. He joins Caroline Hyde and Mike Shepard on "Bloomberg Technology" to discuss.
The Mag 7 stocks, MSFT, META, TSLA, GOOGL, AMZN, AAPL and NVDA, are riding high on AI innovation and investments amid growing competition.
Analysts anticipate Microsoft's slowest revenue growth since June 2023. The company invested an additional $750 million in OpenAI during the quarter.