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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.
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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.
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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.
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Microsoft beats Wall Street expectations with $90B in revenue

Microsoft beats Wall Street expectations with $90B in revenue

Microsoft has posted strong quarterly earnings, surpassing expectations with significant growth in its cloud computing platform and a boost in paid AI users
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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.
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Meta cash flow craters as Zuckerberg doubles down on AI spending

Meta cash flow craters as Zuckerberg doubles down on AI spending

By Katie Paul and Jaspreet Singh July 29 (Reuters) - Meta Platforms reported a 91% drop in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant's costly AI buildout amid an uncertain payoff.
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Apple briefly tops $5 trillion market value for first time

Apple briefly tops $5 trillion market value for first time

July 28 (Reuters) - Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia.  Its shares were last up 0.72% at $339.33, giving it a market capitalization of $4.98 trillion.
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US stocks rebound ahead of Fed decision, tech earnings

US stocks rebound ahead of Fed decision, tech earnings

By Karen Brettell and Sruthi Shankar July 28 (Reuters) - U.S. stocks rebounded from earlier lows on Tuesday ahead of key corporate earnings releases and the Federal Reserve's highly anticipated interest rate decision on Wednesday.
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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
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S&P 500, Nasdaq set for subdued open ahead of Fed decision; chip stocks wobble

S&P 500, Nasdaq set for subdued open ahead of Fed decision; chip stocks wobble

By Johann M Cherian and Ragini Mathur July 29 (Reuters) - The S&P 500 and the Nasdaq were set for a subdued opening on Wednesday as investors awaited the Federal Reserve's monetary policy verdict against a backdrop of simmering Middle East tensions, while chip stocks struggled ahead of Big Tech
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Wall St falls before Fed verdict; chip stocks wobble

Wall St falls before Fed verdict; chip stocks wobble

By Johann M Cherian and Ragini Mathur July 29 (Reuters) - Wall Street's main indexes dropped on Wednesday as investors awaited the Federal Reserve's monetary policy verdict against a backdrop of surging oil prices, while chip stocks remained under pressure ahead of Big Tech earnings.
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Morning Bid: China chip champ

Morning Bid: China chip champ

By Mike Dolan July 27 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A pause in the Iran conflict and a sizeable retreat in crude oil prices away from $100 per barrel offer some relief at the start of what's set to be another turbulent