This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: When the economic cycle actually turns, the biggest drivers of the stock market will change. An obvious statement, perhaps. But the current market rebound is being led by the same handful of Big
The artificial intelligence trade has been losing its luster as of late. Shares of Alphabet (GOOG, GOOGL), Amazon (AMZN), and Microsoft (MSFT), three of AI’s biggest players, are down over the last month, with Google parent Alphabet dropping 14%, Amazon off about 8%, and Microsoft falling more than 7% as of Thursday. The stock moves
This year has seen three fledgling AI firms swallowed up by Big Tech companies. As the Financial Times (FT) notes in a report Wednesday (Aug. 14), it is a pattern that threatens to leave venture capitalists (VCs) on the outside looking in at the artificial intelligence (AI) boom. AI companies Adept, Character.AI and Inflection had, combined, raised
Microsoft (MSFT) announced its fiscal fourth quarter earnings after the bell on Tuesday, beating on the top and bottom lines, but missing on Cloud revenue expectations, sending shares of software giant tumbling following the report. For the quarter, Microsoft reported earnings per share (EPS) of $2.95 on revenue of $64.7 billion. Wall Street was anticipating
Microsoft will report its earnings for the June quarter. The company is expected to report further growth, despite a slowdown in the annual pace. Its core business, Azure, remains the focus for investors. ADVERTISEMENT Microsoft is set to report its fourth-quarter earnings for fiscal year 2024 after the US markets close on 30 July. The
This week the megacaps get another chance to prove themselves when Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Meta Platforms (NASDAQ:META) and Apple (AAPL?) all report second-quarter earnings. Tesla (NASDAQ:TSLA) and Alphabet (NASDAQ:GOOGL) got the reporting party started on Tuesday after-the-bell to little fanfare. Disappointing results from both those names led to a general selloff on Wednesday, which
(Bloomberg) — In what will go down as the most spectacular IT failure the world has ever seen, a botched software update from cybersecurity firm CrowdStrike Holdings Inc. crashed countless Microsoft Windows computer systems around the world on Friday. Most Read from Bloomberg Microsoft Corp. and CrowdStrike have rolled out fixes, and systems are gradually
(Reuters) – A software update wreaked havoc on computer systems globally on Friday, grounding flights, forcing some broadcasters off air and hitting services from banking to healthcare. An update to a product offered by global cyberscurity firm CrowdStrike appeared to be the trigger, affecting customers using Microsoft’s Windows Operating System. Microsoft said later on Friday
Stocks are trading at record highs, and the market’s main characters haven’t changed. Yahoo Finance’s data whiz Jared Blikre flagged the stocks making new record highs alongside the indexes on Friday. The names are a who’s who of market leaders with only one exception — Nvidia stock (NVDA) was down after receiving a downgrade from
A growing number of tech firms are reportedly cautioning investors about risks related to their efforts in artificial intelligence (AI). At least a dozen major tech companies have “quietly” issued AI-related warnings this year by adding or updating them in the “risk factors” section of reports filed with the Securities and Exchange Commission (SEC), Bloomberg