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Microsoft's AI-Fuelled Rally: 5 reasons Wall Street is bullish againMicrosoft's latest earnings reignited Wall Street's AI optimism as Azure outperformed, cloud demand accelerated and a record order backlog ...- Kospi’s mammoth 17% surge spells caution for Indian IT stocks. Why TCS, Infosys, others are down up to 5%Indian IT stocks declined after renewed optimism around global AI and cloud spending after strong earnings from tech giants. Meanwhile, glo...
- Microsoft sets record with near $450 billion single-day gain in market valueThe software giant's shares closed up more than 15%, lifting its market capitalization to $3.35 trillion, surpassing chip giant Nvidia's ...
- Amazon to boost spending on AI and other technology by $20 billion after strong Q2 resultsThe Seattle-based company said Thursday that sales in its cloud computing unit called AWS rose 37% during the April-June period, faster tha...
- South Korea’s Kospi rockets 17% after massive 3-day selloff. What’s behind the surge?The KOSPI was up 17% at 6,549 points after tumbling nearly 17% over the previous three sessions, marking one of its steepest weekly decline...
- US stocks: Microsoft adds $485 billion to investors' wealth as shares rise 15%. Check whyMicrosoft shares experienced a significant surge on Thursday. The company anticipates continued cash generation through its new fiscal year...
- Swiggy trims losses in Q1; IT's comeback rallySwiggy delivered improved Q1 earnings with a narrower loss and higher revenue. This and more in today's ETtech Top 5.
- Meta's AI splurge lays bare its compute conundrumThe Instagram owner is splurging billions to build compute - chips, servers, energy and data centers that power AI - leaving it with free c...
- Microsoft shares surge 16% as AI cloud bet starts showing up in numbersMicrosoft shares surged 16% after stronger-than-expected guidance, robust Azure cloud growth and rising Microsoft 365 Copilot adoption ease...
- Microsoft beats Wall Street expectations with $90 billion in revenueMicrosoft reported robust quarterly earnings, exceeding analyst expectations significantly. The company's cloud computing platform, Azure, ...
- Explained: Why Microsoft shares rallied 9% in extended trading after Q4 earnings despite AI worriesMicrosoft shares surged nearly 9% in extended trading after the software giant reported stronger-than-expected Q4 earnings and Azure cloud ...
- Microsoft's AI bet pays off as Azure, Cloud growth beat expectationsMicrosoft beat quarterly estimates as strong Azure cloud growth and rising AI adoption boosted revenue, earnings and guidance, while growin...
- Microsoft set for $190 billion market value swing after earnings results, options indicateThe tech company's options imply a move of about 6.6% in either direction after the company reports fourth-quarter results. By comparison, ...
- Atomberg's funding plans; Neocloud firms eye India capacityHappy Wednesday! Atomberg Technologies is in talks to raise funding for its engineering arm ahead of a public listing. This and more in tod...
- Downfall of a Wall Street darling: Why Oracle shares crashed 65% from peakOracle shares have dropped about 65% from their peak as investors shift focus from AI-driven cloud growth to rising capital expenditure, de...
- Y Combinator's Tom Blomfield joins Anthropic's compute teamBlomfield was at YC as a partner, mentoring founders across multiple batches after building two unicorns. He was awarded an OBE (Officer of...
- Google to plant its AI flag in India: What it means for the countryIn a major shift for India's AI ecosystem, Google Cloud is bringing its latest Gemini AI models to infrastructure located within the countr...
- Microsoft joins AI-driven tech layoff wave with 4,800 job cutsMicrosoft is cutting approximately 4,800 jobs, representing 2.1% of its workforce. This move follows a wave of tech layoffs and significant...
- How Microsoft’s AI strength is fueling its stock rallyMicrosoft shares rallied as investors returned to large-cap technology stocks, driven by renewed confidence in artificial intelligence, str...
- ‘Microsoft powered genocide for 994 days’: Employee quits in dramatic resignation email, sends 'unhappy email' to thousands of company's employees. Here's what he wroteA Microsoft employee in Italy has resigned, alleging the tech giant fuels Israel's military actions in Gaza. His farewell email claims Micr...
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