Bloomberg Surveillance Bonus Episode: Tesla, Meta and Microsoft Earnings
Jan 29, 2025
Mandeep Singh, a Senior Technology Analyst at Bloomberg Intelligence, dives deep into Microsoft and Meta's earnings reports. Caroline Hyde, a co-host of Bloomberg Technology, shares her insights on tech market trends. James Cakmak from Clockwise Capital discusses the competitive landscape, including Tesla's recent stock struggles. They explore the rise of AI and smart glasses and how they're revolutionizing daily life. The panel also tackles Meta's delayed earnings and how TikTok's influence is reshaping revenue expectations. Tune in for an engaging analysis of Big Tech!
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Episode notes
Microsoft's Cloud Growth
- Microsoft's intelligent cloud numbers missed estimates, likely due to lower adoption of 365 Copilots.
- High expectations for Copilot's ROI haven't been met yet, despite the touted Azure growth.
Copilot's Pricing and Competition
- While Copilot's high price demands demonstrable productivity gains, competition in the application layer is increasing.
- Salesforce, for example, is focusing on AI agents without building its own large language model (LLM).
Microsoft's Azure Revenue
- Microsoft's $13 billion Azure run rate comes from infrastructure revenue, not Copilot subscriptions.
- OpenAI's success benefits Microsoft through increased Azure cloud consumption by companies using OpenAI's infrastructure.