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Alphabet, Microsoft lead technology stocks surge with AI-driven earnings

The stellar earnings reports from both tech giants assuaged concerns regarding the profitability of their significant AI investments, following Meta's tepid forecast. ....

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microsoft results: Microsoft beats quarterly revenue estimates

Microsoft Corp beats Q2 revenue estimates with 18% growth driven by new AI features attracting customers to its cloud and Windows services. Microsoft shares fell 1% in after-hours trading but climbed 57% last year. Revenue at Microsoft s Intelligent Cloud unit, including Azure, grew 20% to $25.9 billion. ....

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Microsoft beats sales expectations on AI strength, Telecom News, ET Telecom

Microsoft: "We ve moved from talking about AI to applying AI at scale," CEO Satya Nadella said in a statement. "By infusing AI across every layer of our tech stack, we re winning new customers and helping drive new benefits and productivity gains across every sector." ....

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microsoft results: Microsoft's AI investment stabilizes its cloud business

Microsoft reported strong sales in its latest quarter, with $56.5 billion in sales, up 13% from a year earlier. Profit reached $22.3 billion, up 27%, beating analyst expectations. The company s investments in generative artificial intelligence (AI) were starting to boost sales, particularly in the cloud computing sector. ....

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big tech stocks: Big Tech backs stock gains with solid results, growth prospects

Tech s propping up of the market had raised concerns that the gains could be on somewhat shaky ground if companies couldn t deliver actual results. ....

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