Tech Bulls Back in Driver Seat After Microsoft and Alphabet Blowouts [Yahoo! Finance]
Microsoft Corporation (MSFT)
Last microsoft corporation earnings: 4/29 04:06 pm
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Source: Yahoo! Finance
(Bloomberg) -- After a tense day of choppy trading on Wall Street, the Big Tech trade is back on in full force. Most Read from Bloomberg Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World Plunging Home Prices, Fleeing Companies: Austin's Glow Is Fading Huawei's New Phone Runs Latest Version of Made-in-China Chip Fed's Preferred Core Inflation Gauge Rose at Brisk Pace in March US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes Results from Microsoft Corp. and Alphabet Inc. reassured investors that AI can live up to its reputation as a potent driver of growth and sales, setting the market on a more stable footing after a rocky start to the earnings season. The reports stood in contrast to Meta Platforms Inc., another AI favorite, which tumbled after it gave a weak sales forecast and said it would spend a lot more than expected this year. “I'm absolutely breathing a sigh of relief, because these are the kinds of big beats we needed to see by big t
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