Reported 25 days ago
Amazon and Google parent Alphabet have reported strong quarterly earnings, showcasing how significant profit growth can mitigate investor concerns over substantial AI investments. Alphabet posted impressive increases in profit and sales, driven by a flourishing cloud business, while Amazon beat earnings expectations with substantial revenue, indicating that their AI ventures are beginning to yield results. In contrast, Microsoft and Meta faced investor skepticism despite also exceeding financial forecasts, as their rising capital expenditures raised alarm bells.
Source: YAHOO