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Stockreport

Microsoft, Google Gain After AI Fuels Cloud Computing Demand [BNN Bloomberg (Canada)]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: BNN Bloomberg
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
The companies trounced Wall Street estimates with their latest quarterly results, lifted by a surge in cloud revenue — fueled in part by booming use of AI services. That sent shares of the companies up in late trading, with Alphabet soaring as much as 17% and Microsoft gaining 6.3%. The tech titans have been locked in a fierce battle for dominance in the field of artificial intelligence, with Microsoft joining forces with startup OpenAI to challenge Google's two-decade stranglehold on internet search. But Thursday's results showed there's ample room for both companies to grow. Silicon Valley has hailed 2024 as the year that companies will begin to deploy generative AI — technology that can create text, images and videos from simple prompts. In back-to-back earnings calls, Alphabet and Microsoft executives said the programs are driving more business for their cloud computing units. Corporate customers are more open to making long-term investments in their cloud infrastructure, s [Read more]
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Stockreport

Microsoft, Google Gain After AI Fuels Cloud Computing Demand [BNN Bloomberg (Canada)]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: BNN Bloomberg
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
The companies trounced Wall Street estimates with their latest quarterly results, lifted by a surge in cloud revenue — fueled in part by booming use of AI services. That sent shares of the companies up in late trading, with Alphabet soaring as much as 17% and Microsoft gaining 6.3%. The tech titans have been locked in a fierce battle for dominance in the field of artificial intelligence, with Microsoft joining forces with startup OpenAI to challenge Google's two-decade stranglehold on internet search. But Thursday's results showed there's ample room for both companies to grow. Silicon Valley has hailed 2024 as the year that companies will begin to deploy generative AI — technology that can create text, images and videos from simple prompts. In back-to-back earnings calls, Alphabet and Microsoft executives said the programs are driving more business for their cloud computing units. Corporate customers are more open to making long-term investments in their cloud infrastructure, s [Read more]
IMPACT SNAPSHOT
EVENT TIME:
GOOG
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS