Reported about 19 hours ago
Last week, major tech companies including Apple, Microsoft, Alphabet, Amazon, and Meta reported their quarterly earnings, showcasing strong results bolstered by significant investments in artificial intelligence (AI) and cloud services. Despite some concerns about rising operational costs and customer concentration, executives expressed optimism about ongoing demand for AI capabilities and cloud infrastructure. Notably, Alphabet's AI advancements positively impacted its search revenue, contrasting earlier fears about competition. Overall, the earnings season underscored the pivotal role of AI in driving growth for these tech giants.
Source: YAHOO