AI takes center stage as Microsoft and Google earnings signal booming market

CoinMarketCap04-26

Big Tech giants Microsoft and Alphabet, the parent company of Google, unveiled their second-quarter earnings reports, which showcased an impressive growth fueled by their strategic investments in ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430226308?lang=en_US&edition=fundamental","thumbnail":"https://academy-public.coinmarketcap.com/srd-optimized-uploads/15d1de0404694135948907fa50023d89.jpeg","is_english":true,"pubTime":"2024-04-26 17:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2430226308","market":"us","top_or_hot":-1,"title":"AI takes center stage as Microsoft and Google earnings signal booming market","media":"CoinMarketCap","content":"<div>\n<p>Big Tech giants Microsoft and Alphabet, the parent company of Google, unveiled their second-quarter earnings reports, which showcased an impressive growth fueled by their strategic investments in ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/662b7784f053f369ad11891b/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AI takes center stage as Microsoft and Google earnings signal booming market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAI takes center stage as Microsoft and Google earnings signal booming market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 17:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/662b7784f053f369ad11891b/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Big Tech giants Microsoft and Alphabet, the parent company of Google, unveiled their second-quarter earnings reports, which showcased an impressive growth fueled by their strategic investments in ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/662b7784f053f369ad11891b/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSFT","symbol_name":"微软","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/662b7784f053f369ad11891b/","article_id":"2430226308","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/15d1de0404694135948907fa50023d89.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430226308","pubTimestamp":1714124673,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Big Tech giants Microsoft and Alphabet, the parent company of Google, unveiled their second-quarter earnings reports, which showcased an impressive growth fueled by their strategic investment","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MSFT":"微软","GOOG":"谷歌","GOOGL":"谷歌A"},"translate_title":"人工智能占据中心舞台，微软和谷歌盈利标志着市场蓬勃发展","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOOG":1,"GOOGL":1,"MSFT":1},"content_text":"Big Tech giants Microsoft and Alphabet, the parent company of Google, unveiled their second-quarter earnings reports, which showcased an impressive growth fueled by their strategic investments in artificial intelligence (AI). \nThe recent earnings reports released on April 25 painted a clear picture that the AI market is still booming and has played a significant role in driving growth while boosting product and financial performance.\nMicrosoft’s momentum\nMicrosoft revealed a 17% increase in revenue, soaring to $61.9 billion up from $52.9 billion in the previous year. Additionally, the company saw a 20% surge in profits, reaching $21.9 billion, in both instances outperforming analysts' forecasts. \nA significant contributor to this growth was the company’s robust integration of AI into its offerings, particularly evident in its cloud computing product Azure, which experienced a 31% growth.\nAzure's generative AI services played a pivotal role in driving this expansion, attracting 53,000 customers, a third of whom were new to the platform. In many of its recent deals, Microsoft has incorporated Azure usage for partnering companies.\nOne example from April 16, is a $1.5 billion deal with the Abu Dhabi-based AI tech holding company G42, which will have the company run its AI applications and services using Azure.\nAmy Hood, the chief financial officer of Microsoft, commented on the uptick saying:\n\n “Near-term AI demand is a bit higher than our available capacity.”\n\nTo meet this demand, the company is ramping up investments in data centers and other AI infrastructure, anticipating a “material” increase in capital expenditures. Microsoft's cloud revenue stood at $35.1 billion for the quarter, resulting in a 23% growth year-over-year. \nRelated: Mistral AI startup launches LLM to take on ChatGPT, Gemini and Claude\nIn January of this year, Microsoft released the pro-version of its AI assistant Copilot, which included custom GPTs and office tools. The company has also been actively involved in investing in AI infrastructure around the world.\nIts $13 billion deal with leading AI developer OpenAI was also mentioned as an important touchpoint for its success. \nAlphabet's AI integrations\nSimilarly, Alphabet reported increased figures, with quarterly sales reaching $80.5 billion, a 15% increase from the previous year and profit surging by 36% to $23.7 billion. Again, both instances exceeded expectations.\nGoogle's integration of AI across its product ecosystem, from search engines to YouTube and Google Docs, was highlighted as a major driver of its success, along with its significant investment of $11.9 billion in AI research and development during the first three months of the year.\nDuring the call, Alphabet’s CEO Sundar Pichai emphasized the company's focus on leveraging AI to enhance the search experience while optimizing advertising revenue.\n\n “We're being measured in how we do this focusing on areas where Gen AI can improve the search experience, while also prioritizing traffic to websites and merchants.”\n\nThe company also announced its first-ever dividend of 20 cents per share to be paid in June. Additionally, it authorized a $70 billion share repurchase program, demonstrating confidence in its future.\nGoogle has encountered challenges in the field of AI, such as the recent scandal involving its AI chatbot Gemini, which internet users criticized for presenting “woke” content and historically inaccurate imagery. As a result, the company issued an apology.\nHowever, during the call Pichai remained optimistic and expressed confidence in Google's infrastructure, claiming it’s “the best for the AI era” due to years of investment. \nThe contrasting strategies between Microsoft, Google, and Meta, formerly Facebook, are evident in their approaches to AI investment.\nWhile Microsoft and Google have prioritized AI integration to drive growth, it contrasts with Meta whose shares dropped 15% this week after it announced plans to spend almost $100 billion this year to “invest aggressively” in its AI products.\nMagazine: How to get better crypto predictions from ChatGPT, Humane AI pin slammed: AI Eye","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430226308"}