Microsoft Has Investors Really Freaking Out About Big Tech's Ai Spending

aaltchek@insider.com (Ana Altchek), Business Insider
Tue, 07/30/2024 - 3:44pm

Microsoft fell short of estimated Azure revenue growth this quarter.Kevork Djansezian/GettyShares fell in post-market trading after Microsoft released its fourth-quarter earnings report.Its Azure cloud unit's revenue grew 29%, slightly slower than analysts had expected.CEO Satya Nadella highlighted the company's longterm AI goals during the call.Analysts had big expectations for Microsoft's cloud growth this quarter — and the tech giant seems to have fallen short of them even as it pumps money into its AI plans.Microsoft released its Q4 earnings Tuesday afternoon, and the company grew its Azure cloud unit's revenue by 29%.

NEXT
BING NEWS:
  • Microsoft has investors really freaking out about Big Tech's AI spending
    Earlier this month, Alphabet investors quizzed execs on the same topic of AI spending vs. results, with limited success. Further Big Tech earnings this week, including Meta, Amazon, and Apple ...
    07/30/2024 - 11:59 am | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Business News