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Xbox CEO Asha Sharma outlined a turnaround plan focused on accelerating growth, expanding franchises and lifting margins.
Microsoft (MSFT) stock spiked 15% in Thursday's trading session after delivering blockbuster results for its fiscal fourth quarter yesterday evening.
<body><p>STORY: U.S. stocks ended sharply higher on Thursday, with the Dow gaining more than one percent, the S&P 500 climbing one-and-two-thirds percent and the Nasdaq rallying more than two-and-three-quarters percent.</p><p>:: Microsoft</p><p>Shares of Microsoft soared more than 15% to log their biggest daily percentage gain in 18 years, after the tech giant gave a stellar forecast that eased fears about massive spending on AI infrastructure.</p><p>That boosted overall market sentiment, says Mary Ann Bartels, chief investment strategist at Sanctuary Wealth.</p><p>“I think the real focus is on Microsoft and their earnings report. There's been a lot of concern about the hyperscalers, the money that they're spending and whether or not they're going to get a return on their capital. And Microsoft eased their concerns. Their spend on their cloud they didn't raise, and their return on their cloud was positive. So the market's really hyper focused, I think, that things aren't that bad.”</p><p>:: Amazon</p><p>After the close, Amazon gave investors more reason to cheer when it topped market expectations for quarterly cloud revenue growth on the back of surging enterprise AI spending, signaling the company's hefty investments were bearing fruit. Its shares, up nearly 4% at the close, surged more than 8% in extended trading.</p><p>Also after the bell, Apple reported sales and profits that beat Wall Street expectations, fueled by its customers snapping up iPhones and MacBooks amid price increases across the consumer electronics sector. Its shares, however, dipped more than 2% in extended trading.</p><p>:: Meta Platforms</p><p>And shares Meta tumbled 8% after the social media heavyweight reported a 91% drop in second-quarter free cash flow, a sign that its costly AI buildout was causing a financial strain.</p></body>
BlackBerry recently enhanced its BlackBerry AtHoc critical event response platform by deepening integrations with Microsoft Teams and Microsoft Entra ID, embedding emergency communications into tools employees already use. This move highlights BlackBerry’s push to make its secure communications and incident response capabilities more central to everyday enterprise workflows, potentially reinforcing its role in high-stakes security settings. We’ll now examine how the upgraded AtHoc–Microsoft...
Tension between Silicon Valley’s astronomical AI spending and Wall Street fears that it won’t pay off had been sending markets on a wild ride. The company’s stock surged 16% after its earnings quelled concerns that investments on data centers, chips and more would outpace the company’s ability to generate cash. Microsoft’s $450 billion one-day gain in market capitalization was the largest by any U.S. business, ever.
Amazon stock jumped after the e-commerce and cloud-computing giant reported second-quarter results. The closely-watched Amazon Web Services business grew 37% to $42.4 billion. Analysts were forecasting 31.3% growth for AWS prior to the report.
Amazon.com topped market expectations for quarterly cloud revenue growth on Thursday on the back of surging enterprise AI spending, signaling the company's hefty investments were bearing fruit. Revenue at its cloud computing unit, Amazon Web Services, jumped 37% to $42.2 billion in the second quarter ended June 30, compared with analysts' consensus estimate of a 31.21% increase, according to data compiled by LSEG. Amazon said it burned $7.6 billion of cash on a trailing twelve months basis in the second quarter, compared to $18.2 billion in free cash flow a year earlier.
Microsoft and Meta maintained substantial infrastructure programs, supporting expectations for continuing demand for NVIDIA processors.
Amazon's forthcoming results will test whether accelerating AWS demand can justify its enormous artificial-intelligence infrastructure budget.
In midday trading on Thursday, Microsoft stock had surged 17% while Meta Platforms shares had sunk 9%. On that front, Microsoft and Meta had very different things to say. In the latest quarter, Meta’s cash flow was near zero after capex, while Microsoft had just shy of $20 billion, still enough to buy back some shares.
Beaten-down Oracle stock got a big lift Thursday following news that it will expand a partnership with Google parent Alphabet. Strong results from enterprise tech rival Microsoft are also likely providing a boost. An expanded partnership will bring Google's Gemini models to Oracle's portfolio of enterprise applications, the companies announced in a joint press release.
Microsoft’s surge sparked a sharp rebound, but weakening technical patterns across the QQQ, S&P 500, and Dow suggest the rally may prove short-lived.
Microsoft and Meta reported their earnings on Wednesday.
Microsoft and Meta reported their earnings on Wednesday.
Gabriela Borges, Goldman Sachs managing director and senior software equity research analyst, joins Bloomberg after raising her price target on Microsoft, saying the software giant is showing stronger signs that its AI investments are translating into revenue. She discusses Azure growth, improving adoption of Copilot, Microsoft's AI strategy, and why she believes investors are only beginning to appreciate the company's progress. She joins Ed Ludlow on "Bloomberg Tech."
Francis deSouza, who previously served as COO and president of security products at Google Cloud, takes over on Aug. 10
Scott Melker discusses Meta's (META) and Microsoft's (MSFT) recent earnings results and rising AI expenses. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
Microsoft Corp (NASDAQ:MSFT) shares surged almost 17% on Thursday morning, putting the stock on track for its best single-day performance in nearly 18 years. Investors and analysts alike cheered earnings showed accelerating Azure growth and a sharp inflection in Copilot adoption. The...
AI cloud stocks whipsawed violently overnight, and now three names are staging jaw-dropping single-day recoveries for very different reasons. Whether the catalysts behind each move hold up under scrutiny is another story entirely.
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