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Stockreport

Alphabet Leaps Into $2 Trillion Club as Results Show AI Strength [BNN Bloomberg (Canada)]

Microsoft Corporation (MSFT)  More Company Research Source: BNN Bloomberg
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
The stock rose 9.7% to $171.14, resulting in a valuation of $2.14 trillion. The advance added almost $187 billion to the company's market capitalization, making for one of the largest single-day value adds in stock market history. Shares have risen 23% this year, compared with the 5.5% gain of the Nasdaq 100 Index. The $2 trillion milestone followed the company's results, where revenue beat expectations on the strength of its cloud-computing unit. Cloud demand was fueled by growth in AI, while Alphabet also cheered investors by introducing a dividend and announcing a $70 billion buyback program. Read more: Microsoft, Google Gain After AI Fuels Cloud Computing Demand “Alphabet is tremendously well managed, its free cash flow is absolutely astonishing, and it has a massive R&D budget, so while no one knows what company will have the best AI products, this is a tough one to bet against,” said Wayne Kaufman, chief market analyst at Phoenix Financial Services. While the stock brea [Read more]
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Stockreport

Alphabet Leaps Into $2 Trillion Club as Results Show AI Strength [BNN Bloomberg (Canada)]

Microsoft Corporation  (MSFT) 
More Company Research Source: BNN Bloomberg
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
The stock rose 9.7% to $171.14, resulting in a valuation of $2.14 trillion. The advance added almost $187 billion to the company's market capitalization, making for one of the largest single-day value adds in stock market history. Shares have risen 23% this year, compared with the 5.5% gain of the Nasdaq 100 Index. The $2 trillion milestone followed the company's results, where revenue beat expectations on the strength of its cloud-computing unit. Cloud demand was fueled by growth in AI, while Alphabet also cheered investors by introducing a dividend and announcing a $70 billion buyback program. Read more: Microsoft, Google Gain After AI Fuels Cloud Computing Demand “Alphabet is tremendously well managed, its free cash flow is absolutely astonishing, and it has a massive R&D budget, so while no one knows what company will have the best AI products, this is a tough one to bet against,” said Wayne Kaufman, chief market analyst at Phoenix Financial Services. While the stock brea [Read more]
IMPACT SNAPSHOT
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MSFT
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