30 Apr 2026
Microsoft, Meta, and Google just announced billions more in AI spending—and only one got punished
Microsoft, Meta Platforms, and Google parent Alphabet announced billions in increased AI spending, with only Meta’s stock dropping more than 6% after hours. Alphabet’s Google Cloud saw record revenue growth of 63% year-over-year, while Meta’s CEO Mark Zuckerberg faced investor skepticism on AI ROI.
30 Apr 2026
Amazon’s cloud business is surging — and so is its capital spending
Amazon’s cloud business, Amazon Web Services (AWS), saw its net sales increase 28% year-over-year, reaching $37.6 billion, marking the fastest growth rate in 15 quarters. AWS’ success is attributed to its pivotal role in fueling the AI boom, providing compute resources to the industry. Andy Jassy, Amazon’s CEO, highlighted this growth as unprecedented, comparing it to the early days of AWS, which…
29 Apr 2026
Microsoft Expects Headcount to Decrease in Coming Quarters
Microsoft reported quarterly results on Wednesday. The company said it expects headcount to decrease in its next fiscal year. Microsoft stock suffered its worst quarterly stock performance since 2008 earlier this year. Microsoft expects headcount to decrease in coming quarters, CFO Amy Hood said during an earnings conference call with analysts on Wednesday.
29 Apr 2026
Big US tech stocks swing as investors probe AI spend
The share prices of the biggest US tech firms swung up and down as investors considered their immense spending on artificial intelligence (AI). Facebook's owner Meta, Google's owner Alphabet, Microsoft, and Amazon all reported their business results for the first three months of this year on Wednesday. The companies collectively plan to spend more than half a trillion dollars on AI this year,…
29 Apr 2026
Tech giants double down on AI as earnings reveal growth gains and rising costs
Big Tech's multi-billion dollar AI bets are still on track as the Mag 7 giants report earnings. Four of the Magnificent Seven (Microsoft, Alphabet, Meta, Amazon) reported quarterly results showing they remain committed to spending billions on AI infrastructure.
29 Apr 2026
Microsoft reports sinking Xbox revenue as its cloud business climbs
Xbox hardware revenue took a 33 percent hit, even as Microsoft raked in $82.9 billion. Microsoft’s Xbox hardware revenue continues to tumble, with a 33 percent decline reported in its earnings. Despite this, Microsoft’s cloud and productivity businesses are thriving, driving revenue growth.
29 Apr 2026
Internal Microsoft CFO Memo Touts 'Increased Pace' and 'Tighter' Teams
Microsoft Chief Financial Officer Amy Hood sent an internal memo to employees thanking them for 'increased pace.' The company has introduced sweeping organizational shifts and mandates to work faster and leaner, highlighting 'increased pace' and 'tighter, more accountable squads.' The latest memo called out Microsoft cloud revenue at $54.5 billion for the quarter and AI revenue, which Hood said…
29 Apr 2026
Amazon earnings updates: AI spend and AWS in focus for Wall Street ahead of results
Wall Street is getting ready for Amazon earnings after the closing bell. The key metric for investors will be revenue in the AWS segment, as Amazon has been pouring money into its cloud and AI capabilities in recent quarters. Also key to this quarter's results will be any news of Amazon's chip developments. CEO Andy Jassy is bullish on the initiative, mentioning it in his shareholder letter…
29 Apr 2026
Microsoft's earnings report lands after stock's worst quarterly performance since 2008
Microsoft shares slipped 1% on Wednesday after the software maker reported more robust fiscal third-quarter results than analysts had expected. Earnings per share: $4.27 adjusted vs. $4.06 expected. Revenue: $82.89 billion vs. $81.39 billion expected. Microsoft's revenue grew 18% year over year in the quarter, ending March 31.
