The company reported strong growth in Azure cloud-computing segment and an earnings-per-share boost from OpenAI deal
Microsoft topped quarterly revenue expectations for its crucial cloud-computing business on Wednesday, signaling that its hefty spending on artificial intelligence was paying off, easing worries about intensifying competition.
AI spending and advancements have accelerated over the last few years, subsequently giving rise to the “Magnificent Seven," or Nvidia (NVDA), Microsoft (MSFT), Apple (AAPL), Alphabet (GOOGL), Amazon.com (AMZN), Meta Platforms (META), and Tesla (TSLA).
Microsoft is scheduled to report its latest quarterly results after the market closes on Wednesday, with traders anticipating a big move in the tech giant's stock following the results.
AI spending and advancements have accelerated over the last few years, subsequently giving rise to the “Magnificent Seven," or Nvidia (NVDA), Microsoft (MSFT), Apple (AAPL), Alphabet (GOOGL), Amazon.com (AMZN), Meta Platforms (META), and Tesla (TSLA).
Microsoft NASDAQ: MSFT officially launched its custom Maia 200 AI accelerator in the last week of January, marking a milestone in the company's infrastructure strategy. The announcement comes at a critical moment for the tech sector giant, landing just 48 hours before the company is scheduled to release its fiscal second-quarter earnings report.
The US earnings season heats up this week, with investors turning their attention to the first reports from the so-called “Magnificent 7” tech giants, care of Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB), Microsoft Corp (NASDAQ:MSFT), Tesla Inc (NASDAQ:TSLA), and Apple Inc (NASDAQ:AAPL, XETRA:APC). After the S&P 500 posted its first two-week losing streak since June, all eyes are on these mega-cap companies, whose results could determine the trajectory of the broader market.
Driven by the artificial intelligence frenzy, Microsoft is internally projecting that water use at its data centers will more than double by 2030 from 2020, including in places that face shortages.
MSFT heads into Q2 earnings with Azure projecting 37% cc growth as AI partnerships, Ignite launches and new infrastructure fuel cloud momentum in Intelligent Cloud.
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Technology giant Microsoft (NASDAQ: MSFT) is set to distribute its first dividend of 2026 in March, reinforcing its long-standing record of steady shareholder returns.
NVIDIA, Palantir and Teradata are transforming industries as Big Data and AI adoption reshapes analytics and decision-making.