Microsoft And Meta Profits Are Soaring But Their Stocks Are Sagging Because Both Companies Arent Building Data Centers Fast Enough
Shares of microsoft rose as much as 1. 5% in early trading wednesday. Meta shares gained as much as 1. 3%. Investors have turned cautious toward megacap technology. Microsoft and meta profits are soaring but their stocks are sagging because both companies aren’t building data centers fast enough. (goog) (googl), amazon. com inc.
(meta) and microsoft corp. Microsoft, alphabet, amazon and meta all revealed massive increases in spending in the first six months of 2024 — totalling $106bn — in their latest quarterly earnings reports,. New york (ap) — wall street is feeling the downside of high expectations on thursday, as microsoft and meta platforms drag u. s. Stock indexes lower despite delivering. Overall, analysts expect microsoft to report $64. 5 billion in revenue and $3. 11 in adjusted diluted earnings per share, both a much slower clip of growth than previous quarters. Microsoft and meta profits are soaring but their stocks are sagging because both companies aren’t building data centers fast enough $3. 30, above estimates of $3. 10. $65. 6 billion, above estimates of $64. 57. Meta said it’s positioning for a “significant. Thursday’s quarterly financial announcements from big tech firms were a mixed bag, with microsoft reporting surging revenues that beat analyst estimates. Recent q1 earnings releases from microsoft, amazon, alphabet and meta reaffirmed that ai spending is continuing to increase through 2024 as companies seek ai.
Recent q1 earnings releases from microsoft, amazon, alphabet and meta reaffirmed that ai spending is continuing to increase through 2024 as companies seek ai.