Browsing: Microsoft

US tech stocks skyrocketed as AI continues to drive notable earnings growth, highlighted by Microsoft and Meta Platforms’ significant gains.

Microsoft reported a 13% increase in revenue to $70.1 billion for its third fiscal quarter, driven by strong growth in cloud computing and artificial intelligence.

Strong Q1 earnings from Meta and Microsoft drive AI rally, boosting tech-heavy Nasdaq index past its April 2 level despite ‘Liberation Day’ tariff announcement losses

Microsoft Corp.’s shares rose after the company reported better-than-expected quarterly sales and profit growth, driven by steady demand for cloud services despite economic challenges.

Microsoft reported a strong quarterly performance driven by its cloud computing and artificial intelligence business, with revenue reaching $70.1 billion and net income of $25.8 billion.

Microsoft reports $25.8 billion net income for January-March quarter, beating Wall Street expectations

Microsoft Corp’s cloud computing and artificial intelligence business helped deliver $70.1 billion in sales and boosted profits by 18 percent for the January-March quarter.

Microsoft vows to protect European cloud operations and digital sovereignty amid rising trade tensions and US government scrutiny.

Microsoft and Meta’s earnings reports exceeded expectations, boosting tech stocks, while Apple faced a legal setback in the UK.

Tech stocks rose during regular trading session on Thursday, but Apple and Amazon shares dropped in after-hours trading due to tariff concerns and disappointing forecasts