Stockreport
The AI earnings bonanza is splitting investors [Yahoo! Finance Canada]
Last microsoft corporation earnings: 4/29 04:06 pm
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US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Each company provided greater insights into how they're leveraging the technology to increase revenue through new AI features. Amazon, Google, and Microsoft pointed to stronger cloud growth, while Meta outlined how it's using AI to power its ads business. It was also a story of, you guessed it, increased capital expenditures, as they expand their AI computing capacity to keep up with demand. Despite strong performances across the board, Wall Street was mixed on the quartet of results. Investors gave Amazon and Google stock a boost, while punishing Meta and Microsoft. Amazon benefited from its . AWS revenue topped out at $37.6 billion in the quarter, beating Wall Street's estimate of $36.7 billion. The company's AWS backlog also grew $120 billion quarter over quarter to $364 billion, which Justin Patterson at KeyBanc Capital Markets noted doesn't include the company's more than $100 billion deal with Anthropic. On top of that, Amazon's chip business now has a $20 billion r
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