Ongoing sell-off in bonds and worries about Isreal-Hamas war escalation are weighing on the market, as it waits for Big Tech earnings.) will report its quarterly earnings after the closing bell on Tuesday, as Wall Street looks for signs that its deep investments in artificial intelligence is bolstering the company’s all-important Azure cloud computing segment.Revenue for the period is expected to come in at $54.
Microsoft CEO Satya Nadella speaks during a keynote address announcing ChatGPT integration for Bing at Microsoft in Redmond, Washington, on February 7, 2023. Investors now want to know whether those expenditures will pay off in the form of growth across Microsoft’s cloud and productivity segments. In addition to data on how Microsoft’s various AI initiatives are paying off, investors will be on the lookout for more information about the company’s. Microsoft closed the deal on Oct. 13, but the Federal Trade Commission could still try to break up the companies on antitrust grounds.
Source: News Formal (newsformal.com)
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