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Amazon beats cloud sales growth estimates; shares jump

Amazon beats cloud sales growth estimates; shares jump

By Deborah Mary Sophia and Greg Bensinger July 30 (Reuters) - Amazon.com beat market expectations for quarterly cloud sales growth on Thursday, calming prior fears among investors over hefty planned outlays for artificial intelligence development.

Amazon beats estimates for quarterly cloud revenue growth

Amazon beats estimates for quarterly cloud revenue growth

July 30 (Reuters) - Amazon.com topped market expectations for quarterly cloud revenue growth on Thursday on the back of surging enterprise AI spending, signaling the company's hefty investments were bearing fruit.

Analysis-Meta's AI splurge lays bare its compute conundrum

Analysis-Meta's AI splurge lays bare its compute conundrum

By Aditya Soni and Sayantani Ghosh July 30 (Reuters) - Meta can simultaneously fuel its own AI ambitions and rent out its scarce computing capacity to bolster returns, CEO Mark Zuckerberg signaled on Wednesday. The problem is: investors aren't buying it.

Microsoft says cash will keep flowing from AI, shares rise

Microsoft says cash will keep flowing from AI, shares rise

By Deborah Mary Sophia, Stephen Nellis and Aditya Soni July 29 (Reuters) - Microsoft on Wednesday said it expects to keep generating cash through its just-started fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after an accounting change for data center leases.

Microsoft cloud forecast beats estimates as cash keeps flowing from AI, shares rise

Microsoft cloud forecast beats estimates as cash keeps flowing from AI, shares rise

By Deborah Mary Sophia, Stephen Nellis and Aditya Soni July 29 (Reuters) - Microsoft on Wednesday said it expects to keep generating cash through its fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after changing how it accounts for long-term data center leases.

Wall Street ends sharply higher, lifted by soaring Microsoft

Wall Street ends sharply higher, lifted by soaring Microsoft

By Noel Randewich July 30 (Reuters) - Wall Street ended sharply higher on Thursday, with chip stocks jumping and Microsoft soaring after the technology giant gave a stellar forecast that eased fears about massive spending on AI infrastructure.

The AI Capex Mistakes Investors Make After Meta Earnings

The AI Capex Mistakes Investors Make After Meta Earnings

Meta's earnings highlight common investor mistakes when evaluating AI capital expenditures. Learn how to analyze tech spending beyond the headlines.

Wall Street jumps as Microsoft sees biggest leap since 2008

Wall Street jumps as Microsoft sees biggest leap since 2008

By Noel Randewich July 30 (Reuters) - Wall Street rallied on Thursday, with chip stocks soaring and Microsoft on track for its biggest daily percentage gain in 18 years after the technology giant gave a stellar forecast that eased fears about massive spending on AI infrastructure.

Why strong Cloud Growth Can Hide AI Uncertainty

Why strong Cloud Growth Can Hide AI Uncertainty

Tech giants are reporting massive cloud revenue, but the impressive numbers may be masking a more complex and uncertain reality about AI's actual profitability.

S&P and Nasdaq dip as investors focus on tech earnings

S&P and Nasdaq dip as investors focus on tech earnings

By Sinéad Carew and Noel Randewich July 27 (Reuters) - Wall Street dipped on Monday, as investors worried that stubbornly high oil prices could force the Federal Reserve to raise interest rates, as they also awaited guidance from major technology companies in a busy week for quarterly earnings.

Wall Street ends mixed as investors focus on tech earnings

Wall Street ends mixed as investors focus on tech earnings

By Sinéad Carew and Noel Randewich July 27 (Reuters) - Wall Street ended mixed on Monday, as investors awaited guidance from major technology companies in a busy week for quarterly earnings, while also worrying that stubbornly high oil prices could force the Federal Reserve to raise interest rates.

Nasdaq falls as AI worries mount ahead of pivotal earnings

Nasdaq falls as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The Nasdaq fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall Street.