California Governor Gavin Newsom proposed a new tax extending state sales tax to digital prewritten software purchases, aiming to level the playing field between online and physical store sales. The tax, set to take effect January 1, 2027 pending legislative approval, could generate $450 million for the state and $560 million for local budgets in its first year. This move impacts major software companies like Microsoft and Salesforce amid ongoing challenges in the software-as-a-service (SaaS) sector. Despite concerns, HSBC predicts software will benefit from AI advancements rather than suffer from the tax changes.
Alphabet's stock fell 2% after CEO Sundar Pichai revealed that Google Cloud is deliberately limiting customer capacity to prioritize computing power for its frontier AI research, particularly for DeepMind. This strategy means Google Cloud is sacrific...
Investing $5,000 in Microsoft today could be worth about $9,089 by 2031, reflecting an 81.78% total return with an annualized gain of 12.7%. This projection is driven by rapid growth in Azure cloud services, which exceeded $100 billion in revenue and...
Microsoft's fiscal 2026 earnings grew 31.34% while its stock price rose only 3.77%, making the stock appear undervalued relative to profits. Key growth drivers include Azure cloud surpassing $100 billion in revenue with 43% growth, and Microsoft 365 ...
IREN's stock plummeted nearly 43% this month to a 52-week low of $26.62 amid shrinking earnings expectations and a missed revenue target. Despite this, top Wall Street analysts maintain bullish price targets near $100, implying about 192% upside, bas...
Micron's President Scott DeBoer sold 28,545 shares worth $25.7 million, marking the largest insider sale since August and the lowest average price since May. This sale coincided with a slight rebound in Micron's stock price, which rose nearly 2% on t...
