Microsoft's shares jumped 8% in premarket trading after reporting better-than-expected fiscal Q4 revenue and 43% growth in its Azure cloud business, signaling that its AI investments, including Microsoft 365 Copilot, are paying off. The company now has over 30 million paid seats for Copilot, showing strong adoption. Meanwhile, Meta's shares fell 8.5% after missing revenue guidance and reporting a 91% plunge in free cash flow due to heavy AI spending. Meta's CEO Mark Zuckerberg mentioned potential new revenue from leasing excess computing capacity but provided few details, leaving investors cautious about Meta's near-term outlook.
Microsoft Corporation reported a strong Q2 performance driven by AI growth and robust cloud business, with key segments like Productivity and Intelligent Cloud showing double-digit gains. While Windows OEM, Devices, and XBOX sales declined, the compa...
Microsoft reported strong revenue growth in its cloud and AI businesses, with Intelligent Cloud revenue up 32% to $39.3 billion and overall revenue rising 18% to $90 billion in the quarter ended June 30, 2026. To manage rising capital expenditures, M...
Microsoft reported record profits with $90 billion quarterly revenue and $35.8 billion net income, driven by its cloud and AI investments. CEO Satya Nadella urged enterprises to use multiple AI models and avoid dependency on OpenAI and Anthropic, cit...
Rep. Frank Pallone, ranking member of the House Committee on Energy, has demanded SpaceX CEO Elon Musk provide records and a tour of the company's AI data centers and power plants in Memphis, Tennessee. Pallone alleges that SpaceX's use of natural ga...
Microsoft reported robust Q4 results highlighted by a 43% year-over-year revenue growth in its Azure cloud business and a 23% increase in overall profits. Despite significant investments in cloud and AI, the company maintains high profit margins and ...
