Microsoft co-founder Bill Gates has claimed that while artificial intelligence (AI) can currently replace humans in simpler tasks, but it is not capable enough to handle the most complex coding tasks yet. The tech billionaire shared his insights on the rapid progression of AI in an interview with CNN’s Fareed Zakaria. Gates noted that experts…
Stock valuations are getting frothy again, but this time, it’s not all Big Tech’s fault. Yes, valuations of the Magnificent Seven stocks — Apple, Amazon, Microsoft, Meta, Alphabet, Nvidia, and Tesla — are back up after since bottoming in April. Yet, the group’s 12-month forward price-to-earnings ratio is still down from mid-2024, mid-2023, and 2020…
Fifteen years ago, Dylan Field was a freshman computer science student at Brown University. On Thursday, the company he started in college and now runs, Figma, made its blockbuster debut on the New York Stock Exchange, marking the largest U.S. venture-capital-backed tech IPO in four years. Figma’s stock surged 250% on its debut, making it…
Microsoft’s (MSFT) market capitalization topped the $4 trillion mark at the start of trading on Thursday, joining Nvidia as the only two publicly traded companies to hit the milestone. The company crossed the landmark number after reporting its fiscal fourth quarter earnings on Wednesday, beating analysts’ expectations on the top and bottom lines on the…
Amazon Web Services, the cloud computing division at the e-commerce giant helped power quarterly earnings that beat market expectations (RONNY HARTMANN) Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by US tariffs. “Massive results seen by Microsoft and Meta further…
CoreWeave (CRWV) shares surged more than 12% Thursday on the heels of strong earnings reports from two of its customers, Microsoft (MSFT) and Meta (META). Microsoft is CoreWeave’s largest customer, accounting for 72% of its revenue in the burgeoning cloud provider’s most recent quarterly earnings report. Microsoft spent $88.2 billion in its fiscal year 2025,…
Topline Meta founder Mark Zuckerberg overtook Amazon’s Jeff Bezos to become the world’s third-wealthiest person Thursday, as Meta’s stock surged in the wake of yet another earnings beat for the firm. Zuckerberg’s stake in his company surged after Meta’s earnings smashed Wall Street’s estimates. Zuffa LLC via Getty Images Key Facts Zuckerberg’s net worth jumped…
Satya Nadella, chief executive of Microsoft, which became the second company after Nvidia to attain a $4 trillion valuation (Jason Redmond) Shares of Microsoft spiked Thursday following blowout quarterly results, lifting the tech giant into the previously unprecedented $4 trillion club along with Nvidia, another artificial intelligence standout. The landmark valuation is the latest sign…
US stock futures surged on Thursday as investors weighed a new trade deal with South Korea and strong earnings from Meta (META) and Microsoft (MSFT). S&P 500 futures (ES=F) rose 1.1%, while those on the Dow Jones Industrial Average (YM=F) moved up 0.4%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) jumped 1.5% after quarterly reports…
LONDON (Reuters) -Shares in artificial intelligence heavyweights Microsoft and Meta Platforms both surged in European trading on Thursday, after blowout quarterly results after-market on Wednesday. Meta shares surged 12.2% in Frankfurt after it forecast quarterly revenue well ahead of Wall Street expectations. Microsoft shares jumped 9%, as surging Azure cloud computing revenue above analysts’ expectations,…