Bloomberg Surveillance
Instant Reaction: Microsoft, AMD Earnings
Jul 30, 2024
Dan Morgan, a Senior Portfolio Manager at Synovus Trust, and Ed Ludlow, Co-Host at Bloomberg Technology, dive into the latest earnings reports from Microsoft and AMD. They explore Microsoft’s surprising share price decline despite its AI investments and discuss investor disappointment regarding Azure's growth. In contrast, AMD shines with strong performance in the AI sector. The conversation also highlights AI's growing role in enterprise productivity and customer support, marking a pivotal shift in tech company strategies and investor outlooks.
20:25
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Microsoft's underwhelming cloud revenue growth raises concerns about the ROI on its substantial AI investments despite increased capital expenditures.
- AMD's impressive 115% year-over-year growth in its data center segment showcases successful alignment with the booming demand for AI chip technology.
Deep dives
Investment Performance Metrics
The podcast discusses the recent performance metrics of major tech companies, particularly Microsoft and AMD. Microsoft fell short of expected cloud revenue growth with a reported increase of 29%, slightly below the anticipated figures from analysts. Investors were particularly focused on capital expenditures and their correlation with the company's artificial intelligence (AI) investments, which were notably high but did not yield the expected immediate returns. In contrast, AMD reported a significant year-over-year growth of 115% in its data center segment, highlighting a successful response to market demand for AI chips.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
