Bloomberg Businessweek
Instant Reaction: Microsoft, Meta Earnings Results
Oct 30, 2024
Mandeep Singh, a Senior Technology Analyst at Bloomberg Intelligence, offers insights into Meta Platforms' earnings, emphasizing its AI advancements and challenges faced in advertising. Anurag Rana, also from Bloomberg Intelligence, discusses Microsoft's impressive growth driven by cloud computing and AI investments. They delve into the contrasting performances of tech giants, revealing how Meta's projections fell short of Wall Street's expectations despite promising holiday quarter sales, while Microsoft's cloud success signals a strong competitive stance in the AI landscape.
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Quick takeaways
- Microsoft's strong quarterly revenue growth from cloud services and Office software highlights the effectiveness of its investments in artificial intelligence.
- Meta's projected holiday sales reflect AI-driven improvements in advertising, showcasing the ongoing competition and challenges in the tech sector.
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