Microsoft Earnings Preview: Margins in Focus Amid Jump in AI Workloads
That remains to be seen even as guidance is likely to have a bigger impact than Q4's results.Margins in Focus Amid Jump in AI WorkloadsMicrosoft's margin outlook for fiscal 2024 will likely be one of the more critical factors to watch during its 4Q earnings call. Increased use of generative AI workloads has the potential to dent gross margin of Microsoft's cloud-infrastructure product, Azure. We expect more cost-cutting measures by management in 2H to offset this rise in costs. Though Azure grow
A little over two weeks after it announced receipt of "conditional approval" to open its $5.5 billion gigafactory in the town of Grünheide near Berlin, Tesla$Tesla Motors(TSLA)$ officially announced the factory's opening on Tuesday. Reports say that CEO Elon Musk literally danced in joy at the opening. Investors are pretty happy, too, because Tesla stock is up 3.3%. Why is this such a big deal for Tesla? As The Wall Street Journal explained yesterday, Tesla plans to grow its Berlin gigafactory to the point where it will be able to produce 500,000 cars per year -- but that's just one part of the good news. By building cars in Europe, Tesla will be able to avoid both the cost of shipping cars to Europe from plants in the U.S. and China as well as impor
Wall Street Jumps as S&P Snaps 3-Day Slump; Fed on Tap
* Airlines rise on forecasts* Energy shares fall as oil drops below $100 a barrel* Dow up 1.82%, S&P 500 up 2.14%, Nasdaq up 2.92%NEW YORK, March 15 (Reuters) - U.S. stocks rallied on Tuesday and the