Microsoft (MSFT) shares are trading lower after the tech giant's cloud revenue missed, overshadowing its earnings beat. The earnings report comes just after China's DeepSeek announced a new model raising concerns about US companies' ability to compete.
OpenAI is in talks for an investment round that would value the AI startup at up to $340 billion, the Wall Street Journal reported on Thursday.
Microsoft's NASDAQ: MSFT stock price plunged more than 6% following its FQ2 earnings report and broke the uptrend, but it doesn't matter. The results were strong, and the long-term opportunity offsets the weak guidance.
Kevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to explain his Microsoft Covered Calls trade.
I reiterate my 'Strong Buy' rating for Microsoft with a one-year target price of $560 per share, driven by robust commercial cloud booking growth. Microsoft's commercial cloud bookings grew by 75% year-over-year, with significant contributions from AI and cloud computing partnerships, particularly with OpenAI. Despite high CAPEX spending impacting free cash flow, Microsoft's strategic investments in AI and cloud infrastructure position it well for future growth.
With Microsoft Corp's MSFT Azure showing signs of slowing, Amazon.com Inc‘s AMZN AWS could seize the moment as AI demand stays red-hot.
Microsoft announced Thursday that it's buying over 7 million tons of carbon credits from Chestnut Carbon.
The CEOs of both U.S. tech behemoths spoke about the Chinese startup's innovations as they disclosed their financial results.
Harvest Portfolio Management chief investment officer and Wall Street Beats partner Paul Meeks joins Morning Brief to discuss Meta Platforms's (META) earnings and outlook. Meeks ranks Meta as "top of the class" in tech, expressing confidence in CEO Mark Zuckerberg's vision and predicting "this will be a great year for the company.
Microsoft reported robust growth in artificial intelligence (AI) demand for the second quarter, with gains seen throughout its Copilot and Azure operations and propelling revenue and earnings past Wall Street expectations. But non-AI business for its cloud division, Azure, disappointed Wall Street because it came in at the low end of expectations.
Key tech stocks were a mixed bag in early trading Thursday after executives at Meta and Microsoft said they plan to keep pouring billions of dollars into AI – despite lingering anxiety over the launch of China-based DeepSeek's AI model.
The stock market was having a mixed day on Thursday, with the Dow Jones Industrial Average (^DJI 0.11%) slightly higher and the S&P 500 (^GSPC 0.08%) marginally lower. However, tech giant Microsoft (MSFT -6.26%) was a big exception, with shares down by more than 6% at 11 a.m.