- Yahoo Finance
Microsoft beats Q3 top and bottom lines on cloud strength
Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.
- Bloomberg
US Futures Gain, Powered by Alphabet, Microsoft: Markets Wrap
(Bloomberg) -- US equity futures advanced as blockbuster earnings from Microsoft Corp. and Alphabet Inc. signaled the artificial intelligence boom that has driven gains for technology stocks remains on track. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingHuawei’s New Phone Runs Latest Version of Made-in-China ChipMalaysia in Talks W
- Reuters
MORNING BID AMERICAS-Big Tech see-saw flips positive, yen swings wildly
A look at the day ahead in U.S. and global markets from Mike Dolan A volatile week for Wall Street megacaps looks set to end with a positive twist as Microsoft and Alphabet earnings wowed the gallery overnight, while the yen plunged anew in Asia as the Bank of Japan left policy on hold. After a day in which Meta's outsize spend on artificial intelligence appear to spook investors and sent both its stock and the wider tech sector into tailspin, its rivals appeared to steady the ship overnight. Microsoft beat estimates for its quarterly revenue and profit, driven by gains from adoption of artificial intelligence across its cloud services, and its shares jumped more than 4% in extended trade.
