Microsoft announced a global price increase for Xbox consoles starting August 1, with 512GB models rising by $100 and 1TB models by $150. The Xbox Series S 512GB will go from $399 to $499, and the Series X 1TB Disc from $649 to $800. The company attributes the hike to sharply increased costs for memory and storage, which have more than doubled and may continue to rise by 2027. This follows similar price hikes from Apple and Sony, reflecting industry-wide pressure from growing demand for AI infrastructure. Microsoft plans to ease the impact with financing options and programs for lower-cost used consoles.
Ben Reitzes of Melius Research recommends investors buy chip stocks such as Nvidia, Broadcom, Micron, AMD, and Dell, citing a long-term trend favoring compute power over cloud giants like Microsoft, Oracle, and Google. He argues that while AI demand ...
Alphabet's shares fell over 5% in a week after five core AI researchers left for competitors like OpenAI and Anthropic, highlighting concerns about Google's AI product lineup, especially in coding assistants. Despite strong financials and growth in G...
Microsoft shares have dropped nearly 25% over the past year despite strong Q3 FY26 results showing 18.3% revenue growth and 40% Azure expansion. The company’s AI business revenue doubled year-over-year, supported by a $250 billion Azure investment fr...
Software ETFs experienced a sharp pullback in June, reaching oversold levels, yet they have successfully defended their April lows, indicating market resilience. Cybersecurity stocks like CRWD and PANW are outperforming significantly, trading at high...
Over the past five years, Microsoft has returned $223 billion to shareholders through dividends and stock buybacks, driven by its leadership in cloud services and enterprise software. This payout reflects Microsoft's strong, recurring revenue from it...
