The company's results are likely to ease investors' worries that big investments in artificial intelligence aren't paying off.
Microsoft Corp (NASDAQ:MSFT) shares surged afterhours as it impressed investors with its fiscal fourth quarter earnings report, with AI successes driving beats on the top and bottom lines. Revenue was up 18% year-over-year at $76.4 billion, far above Wall Street estimates of $73.8 billion.
MSFT jumps 30% in three months as Q4 earnings loom, with analysts being bullish. MSFX, IXN, IYW and VGT with top exposure draw investor focus.
Microsoft Inc. is scheduled to report earnings after Wednesday's close. The stock just hit another fresh record high just above $518/share and is currently trading near that level.
9:55am: Cautious start Markets opened little changed on Wednesday as investors took in a stronger-than-expected rebound in economic growth and braced for a key Federal Reserve interest rate decision later in the day. The Dow Jones was flat, up just 3 points to 44,636, while the S&P 500 edged up 5 points, or 0.1%, to 6,376.
The three stocks in this analysis all have earnings calls after the bell, which is after the Federal Reserve releases its latest interest rate decision, statement, and follow up press conference.
Microsoft Corp. is in advanced talks to land a deal that could give it ongoing access to critical OpenAI technology, an agreement that would remove a major obstacle to the startup's efforts to become a for-profit enterprise.
China trade talks wrap up, Berkshire's potential railroad deal, oil prices spike, and more news to start your day.
Norwegian browser maker Opera will file a complaint about U.S. tech giant Microsoft to Brazilian antitrust authority CADE on Tuesday for allegedly giving its Edge browser an unfair advantage over rivals.
Management and industry commentary is very gung-ho on Copilot adoption. I recognize this key growth driver but also have 1 cause for concern. I believe Wall St analysts are grossly underestimating the margin expansion benefits that could arise from Microsoft's job cuts. MSFT's valuations remains reasonable near sector medians and it is good to see it being supported by robust earnings growth.
In a historic milestone, Nvidia ( NASDAQ:NVDA ) has become the first company to reach a staggering $4.3 trillion market valuation, eclipsing the second-largest company, Microsoft ( NASDAQ:MSFT ), by $500 billion — a gap so large it is equivalent to the market caps of Starbucks ( NASDAQ:SBUX ), Nike ( NYSE:NKE ), and AT&T ( NYSE:T ) combined, with $80 billion to spare.
With Big Tech earnings coming up, single-stock ETFs like MSFX, FBL, AAPX and AMZU draw fresh investor focus.