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Alphabet Beats Revenue Estimates as AI Fuels Cloud Growth

(Bloomberg) -- Alphabet Inc. reported first-quarter revenue that exceeded analysts’ expectations, buoyed by growth in its cloud computing unit. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapPlunging Home Prices, Fleeing Companies: Austin’s Glow I...
Evelyn Mitchell Wolf Sundar Pichai Bloomberg Businessweek Lee Sustar Ruth Porat Bloomberg Alphabet Inc
Source: yahoo.com

Asian Tech Stocks Gain, Yen Drops on BOJ Rate Hold: Markets Wrap

(Bloomberg) — Asian technology shares rose following stellar earnings reports from Microsoft Corp. and Alphabet Inc. overnight. The yen weakened to a fresh 34-year low after the Bank of Japan kept its key interest rate unchanged. A gauge of the region’s equities headed for its best week since November, helped by gains in tech giants…
United States South Korea New Zealand Anglo American Plc Samsung Electronics Co Exxon Mobil

Microsoft-Backed Rubrik Leads Debut Trio Setting Steady IPO Pace

(Bloomberg) -- Rubrik Inc. rose 16% in its trading debut after the cloud and data security startup backed by Microsoft Corp. topped its fundraising goal with a $752 million initial public offering, signaling with two other listings sustained demand for first-time share sales.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingMalay...
United States Arvind Nithrakashyap Ravi Mhatre Bipul Sinha Bloomberg Businessweek York Stock Exchange
Source: yahoo.com

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Microsoft Q3 Results: Company basks in AI glory, revenue up 17% to $61.9 billion, Azure up 31%, beats analysts estimates

Chief Executive Officer Satya Nadella’s strategy of integrating AI technology from OpenAI into Microsoft’s entire product line is showing significant returns, as evidenced by an uptick in customers utilising AI tools for tasks like summarising documents and generating content
Amy Hood Dan Morgan Satya Nadella Synovus Trust Co Synovus Trust Chief Financial Officer Amy Hood

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.  Google owner Alphabet surged as much as 12% in premarket trading, poised to add more than $230 billion to its market capitalization and exceed $2…
United States Czech Republic United Kingdom New York Hirofumi Suzuki Sujata Rao

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