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Surprise after the red light? AI strongly supports microsoft Q3 Azure revenue growth of over 30%, but expects Q4 growth to slow down, with increased AI spending.
In the third quarter, Microsoft's total cloud revenue grew by 22% year-on-year, exceeding expectations. AI contributed to a 12 percentage point increase in Azure, higher than the second quarter; Excluding the impact of exchange rates, Azure cloud revenue increased by 34% in the third quarter, slightly slower than the second quarter but still above expectations. However, it is expected that Azure's revenue growth in the fourth quarter will further slow to 31%-32%; Capital expenditures accelerated in the third quarter, with a year-on-year increase of nearly 79%, and is expected to increase quarter-on-quarter in the fourth quarter. The stock price initially rose by over 2% after market trading, but later dropped by over 4%.
OpenAI CEO Says the Company Is Being Held Back by Lack of Compute Capacity
Can Apple AI Rally Company Stock?
DBS Maintains Microsoft(MSFT.US) With Buy Rating, Maintains Target Price $531
In October, the stock prices of the three technology giants fluctuated more than bitcoin.
According to Forbes, the data shows that the volatility of some major technology stocks has exceeded bitcoin, with Tesla's stocks topping the list with a 24% price fluctuation, followed by AMD at 16% and nvidia at 12%, all exceeding the 11% range of bitcoin's volatility.
1 Big Reason Google Surged While Microsoft and Meta Fell After Earnings
Investing 200 billion this year and planning to increase investment next year! The third quarter report reveals the big bets made by the four giants in Silicon Valley on AI.
Microsoft, Meta, Google, and Amazon are expected to reach a record-breaking total capital expenditure of over $200 billion this year, with executives warning of even higher spending next year. They are all trying to convince Wall Street that these massive investments will make their future business more profitable than their current business of selling digital ads, commodities, and software.
Microsoft (MSFT.US) spends nearly $10 billion to lease CoreWeave AI servers.
According to reports, microsoft will spend nearly $10 billion from an artificial intelligence startup company CoreWeave to rent servers between 2023 and 2030.
Microsoft and A16z Set Aside Differences, Join Hands in Plea Against AI Regulation
AI Spending Dominated Big Tech Earnings. Why These 2 Stocks Got a Pass From Investors. -- Barrons.com
Microsoft Options Spot-On: On November 1st, 461.06K Contracts Were Traded, With 2.64 Million Open Interest
On November 1st ET, $Microsoft(MSFT.US)$ had active options trading, with a total trading volume of 461.06K options for the day, of which put options accounted for 43.33% of the total transactions,
Market Chatter: Microsoft Plans to Spend $10 Billion on CoreWeave's Data Centers
Microsoft's Decision To Shut Down Arkane Austin Called 'Stupid' By Studio Founder
Microsoft to Spend Almost $10B Renting AI Servers From CoreWeave: Report
Don't Let the Stock's Selloff Fool You. Nvidia Had a Great Week.
'Microsoft Is a CoreWeave Rival. It's Also a Big Customer' - The Information
Express News | Coreweave Expects to Quadruple Revenue Next Year - the Information
Express News | microsoft plans to spend $10 billion on COREWEAVE by 2030.
Express News | Microsoft Plans to Spend $10 Billion With Coreweave Through 2030 - the Information
Microsoft, Amazon or Alphabet: Who Is Winning the Cloud Race?