NEW YORK, NY, NY / ACCESSWIRE / August 2, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Microsoft Corporation ("Microsoft" or "the Company") (NASDAQ:MSFT). Investors who purchased Microsoft securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MSFT.
Microsoft's stock (NASDAQ: MSFT) has gained approximately 12% YTD as compared to the 14% rise in the S&P500 index over the same period. Notably, Microsoft's peer Amazon (NASDAQ: AMZN) is up 20% YTD.
Microsoft is enticing Y Combinator startups with more cloud credits that can be used to access technology needed to run artificial intelligence workloads. A Microsoft spokesperson said 58% of Y Combinator startups had accepted the company's offer of Azure credits.
Microsoft (NASDAQ: MSFT ) has been a global tech leader for the past few decades. As of August 2024, Microsoft trails only Apple (NASDAQ: AAPL ) as the largest company in the world.
Microsoft plans to increase its capital expenditures. Much of this increased spending will go toward GPUs.
Microsoft delivered growth that beat on both the top and bottom lines, but investors wanted more. The company's AI strategy is beginning to bear fruit, fueling strong double-digit growth in its AI segments.
Its diversified business keeps Microsoft insulated from many of the problems other big tech companies face. Microsoft's cloud segment accounted for nearly 57% of its revenue in its latest quarter.
Microsoft and artificial intelligence (AI) startup OpenAI are often referred to as partners. Now, they're also rivals.
With Microsoft (NASDAQ: MSFT ) nosediving following the release of its latest second-quarter earnings results, the Magnificent Seven could easily continue dragging their feet through the third quarter. Undoubtedly, the July tech correction may just drag into August, and perhaps even September, one of the least exciting months for stocks from a historical perspective.
Microsoft has a long and tangled history with OpenAI, having invested a reported $13 billion in the ChatGPT maker as part of a long term partnership. As part of the deal, Microsoft runs OpenAI's models across its enterprise and consumer products, and is OpenAI's exclusive cloud provider.
Despite the F4Q24 double beat, and a maintained FY 2025 outlook, Microsoft's earnings outperformance was largely overshadowed by weaker-than-expected near-term prospects at Azure. The limited Azure uplift continues to highlight the extended impact of AI capacity constraints, considering better-than-expected commercial bookings in the quarter. Meanwhile, management is pushing forward with an elevated capital investment cycle into AI infrastructure, drawing up execution risks ahead.
NEW YORK, NY, NY / ACCESSWIRE / August 1, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Microsoft Corporation ("Microsoft" or "the Company") (NASDAQ:MSFT). Investors who purchased Microsoft securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MSFT.