The Rundown Microsoft & Meta Crush Earnings, Tesla Denies Report It Searched for New CEO
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May 1, 2025 The hosts discuss the strong earnings from Microsoft and Meta, revealing how Azure and AI are driving Microsoft's growth. Despite challenging economic conditions, Meta excels in advertising. The conversation shifts to Apple's legal issues affecting its stock. Surprising news about Tesla's leadership changes raises eyebrows as the board reportedly seeks a new CEO amidst concerns over Musk’s focus. Stay tuned for insights on tech market trends related to these power players.
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Market Prices Tariff Drama In
- Despite volatile trade and tariff headlines, the S&P 500 ended April nearly flat, suggesting the market priced in tariff impacts.
- Investors now focus on the upcoming Fed meeting amid concerns of economic slowdown and inflation pressures.
Microsoft's Strong Q1 and AI Focus
- Microsoft's Q1 revenue and profits grew significantly, with Azure cloud sales up 33%.
- Microsoft expects continued CapEx growth next fiscal year but at a slower pace, signaling cautious AI data center expansion.
Meta's Earnings and AI Ambitions
- Meta posted strong Q1 earnings, with ad revenue up 16% and profits rising 35%.
- Despite VR losses, investors focus on Meta's AI and ad business strength.