Microsoft’s AI revenue grows, but its stock falls on lower guidance and spending concerns
Microsoft is a key backer of OpenAI and it has committed to spending $80 billion on AI infrastructure this year in order to expand its global network of high-powered data centers to meet demand for the specialized chips required to train and run AI models.
BMO cuts Microsoft stock price target to $490
Investors grow concerned that AI expenses and a looming price war in cloud services could blow up its profits.
The company reported revenue of $69.6 billion and earnings of $3.23 per share, compared to the consensus estimates of $68.8 ...
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Meta and Microsoft outperformed in Q4 and Q2 earnings but saw diverging market responses. See why META and MSFT stocks are ...
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