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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.

Exclusive-Activist Jana pushes Fiserv to review entire portfolio, refresh board

Exclusive-Activist Jana pushes Fiserv to review entire portfolio, refresh board

By Svea Herbst-Bayliss NEW YORK, July 30 (Reuters) - Activist investor Jana Partners is ratcheting up pressure on payments company Fiserv, pushing it to launch a formal review of its entire portfolio rather than sell assets piecemeal, according to a letter seen by Reuters on Thursday.

AMD Stock Declines Amid Semiconductor Selloff Triggered by AI Concerns

AMD Stock Declines Amid Semiconductor Selloff Triggered by AI Concerns

AMD Stock Declines Amid Semiconductor Selloff Triggered by AI Concerns

Tech employees call for US-backed global effort to manage risks of advanced AI

Tech employees call for US-backed global effort to manage risks of advanced AI

July 28 (Reuters) - More than 1,100 employees from leading tech firms on Tuesday urged the U.S. government to support an international effort to develop tools for managing the pace of advanced AI development.

Microsoft tops quarterly cloud growth estimates, easing spending concerns

Microsoft tops quarterly cloud growth estimates, easing spending concerns

July 29 (Reuters) - Microsoft topped Wall Street estimates for quarterly cloud revenue growth on Wednesday, a sign its massive spending on AI infrastructure was paying off as capacity constraints ease and more businesses adopt the technology.

Nvidia CEO says many are wrong about AI impact on your job

Nvidia CEO says many are wrong about AI impact on your job

Every month, another company announces layoffs and mentions AI in the same breath. Workers notice. So do the economists tracking the numbers. Nvidia CEO Jensen Huang has been watching this play out, too, and he's asserted publicly that most of what's being said about it is wrong. But at a recent ...

S&P 500 inches higher in choppy trading as investors await pivotal earnings

S&P 500 inches higher in choppy trading as investors await pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The benchmark S&P 500 edged higher in a choppy session on Tuesday, as gains in other sectors offset a decline in chip stocks ahead of key earnings reports from some of Wall Street's "Magnificent Seven" companies.

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.

Nasdaq set for lower open as AI worries mount ahead of pivotal earnings

Nasdaq set for lower open as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The Nasdaq was set to open lower 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

Hedge funds on track for another stellar year on AI boom

Hedge funds on track for another stellar year on AI boom

By Anirban Sen NEW YORK, July 28 (Reuters) - Global hedge funds are on track for another blockbuster year, as they look to surpass their returns from 2025 after an artificial intelligence boom buoyed first-half performance for money managers across most investment strategies, according to a Goldman

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.

Nvidia just made a move Wall Street wasn't ready for

Nvidia just made a move Wall Street wasn't ready for

The artificial intelligence (AI) buildout has entered a new phase. Companies are no longer just buying chips in bulk. They now hunt land, power, and financing on a scale the tech industry rarely attempts. Nvidia (NVDA) sits at the center of that shift, and its next move could reshape how AI ...