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Today β€” 25 July 2024Yahoo! Finance: Microsoft News
Yesterday β€” 24 July 2024Yahoo! Finance: Microsoft News

Microsoft Earnings Are Coming. An Analyst Sees Big Upside for the Stock.

24 July 2024 at 21:11
Microsoft stock slid along with other big tech stocks on Wednesday. Materne expects Microsoft to report that revenue grew 14% to $64.1 billion in the company’s fourth fiscal quarter ended in June. What he’ll watch for in the quarter’s results are the growth of Microsoft’s Azure cloud revenue and the growth of its Office365 software revenue.

$1 Trillion Rout Hits Nasdaq 100 Over AI Jitters in Worst Day Since 2022

24 July 2024 at 20:22
(Bloomberg) -- Investors soured on the promise of artificial intelligence Wednesday, sparking a $1 trillion rout in the Nasdaq 100 Index as questions swirled over just how long it will take for the substantial investments in the technology to pay off.Most Read from BloombergHarris Just Showed Why Trump Is So Afraid of HerI Changed My Mind. The Fed Needs to Cut Rates Now.Stocks Tumble as Wall Street Gets AI Wake-Up Call: Markets WrapWhat Initial Polling Data Show About the Trump-Harris MatchupHar

CrowdStrike Admits Bug Caused Massive Global IT Outages

24 July 2024 at 20:12
Cybersecurity firm CrowdStrike Holdings Inc (NASDAQ:CRWD) has acknowledged that a bug in its safety mechanism caused last week's massive global IT outages. The issue stemmed from a flawed data update that led to widespread disruptions, affecting Microsoft Corp's (NASDAQ:MSFT) Windows systems worldwide, reported Bloomberg. This incident impacted crucial operations in airlines, banking, and stock exchanges across multiple countries. Systems were compromised for hours, leaving bankers in Hong Kong,

Nobel Laureate on Musk, new home sales fall short: Wealth!

24 July 2024 at 19:27
Tesla's (TSLA) stock is sliding after posting mixed second-quarter results and CEO Elon Musk touted affordable EV models were on their way for 2025 in the earnings call on Tuesday. US new home sales fell short of economist expectations for June, revealing a 0.6% decline instead of the anticipated 3.4% increase. This downturn highlights the ongoing challenges in the housing market, where potential homebuyers continue to grapple with high mortgage rates, affordability issues, and limited inventory. Small caps outperformed Big Tech in the last month as the Russell 2000 (^RUT) rose over 10%. Portfolio Wealth Advisors president and CIO Lee Munson joined the show to break down the movements and the disappointment in Big Tech earnings. Google (GOOG, GOOGL) has backtracked on its pledge to eliminate third-party cookies on its Chrome browser after receiving pushback from advertisers. Microsoft (MSFT) released a new Surface laptop powered by Qualcomm's (QCOM) new AI chip. The laptop allows users to interface with new AI features that can help with a myriad of needs. Yahoo Finance tech editor Dan Howley joined Wealth! to give insights into Microsoft's fresh line of AI laptops and what it has to offer. Spot ether ETFs, based on ethereum (ETH-USD), launched Tuesday, attracting over $1 billion in inflows on their debut day. ETF Expert Dave Nadig joined Wealth! to discuss the key differences between the ETF and the actual cryptocurrency. Tesla CEO Elon Musk has voiced his support for former President Donald Trump, who on the campaign trail has made comments about rolling back tax credit incentives and policies for electric vehicles. New York Times Opinion Columnist and Nobel Laureate Paul Krugman joined Wealth! to give insight into Musk, his leadership, his support of Trump, the current political landscape. For more expert insight and the latest market action, click here. This post was written by Nicholas Jacobino

Bing previews its answer to Google's AI Overviews

24 July 2024 at 22:17
Microsoft this afternoon previewed its answer to Google's AI-powered search experiences: Bing generative search. Available for only a "small percentage" of users at the moment, Bing generative search, underpinned by a combo of large and small generative AI models (mum's the word on which models exactly), aggregates info from around the web and generates a summary in response to search queries. For example, if a user searches "What is a spaghetti western?" Bing generative search will show informa