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Bloomberg Talks
Instant Reaction: Microsoft, Meta Earnings Results
Oct 30, 2024
Mandeep Singh, a Senior Technology Analyst at Bloomberg Intelligence, discusses Meta Platforms' surprising holiday quarter projections despite ongoing losses in its Reality Labs. He sheds light on the complexities of Meta's hardware investments compared to its competitors. Anurag Rana, also from Bloomberg Intelligence, highlights Microsoft's impressive growth in cloud computing and AI, noting how these sectors are reshaping its financial landscape. Both analysts provide keen insights into the competitive dynamics of the tech industry.
16:23
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Quick takeaways
- Microsoft's investments in AI have significantly boosted its cloud and Office software sales, indicating strong future growth potential.
- Meta's effective advertising strategies and rising prices led to increased revenue, but the overall market's response remains cautious towards tech earnings.
Deep dives
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