Microsoft’s big spending plans are pressuring the stock, but analysts remain bullish on the tech giant. Shares were down around 2% after CFO Amy Hood said capital expenditures for fiscal 2026 would be above that of the previous year, as the company ramps up artificial intelligence investments. For the company’s fiscal first quarter, capex totaled $34.9 billion. Analysts also pointed to a slight miss in headline Azure growth as a soft spot. But overall, analysts maintained their overwhelmingly bullish stance on Microsoft. Many believe that this increased spending ahead is justified by the growing demand for Microsoft’s products. “While we…
Author: usaeverydaylife
Alphabet stock jumped 4% Thursday after the company reported third-quarter financial results that beat across the board and increased its capital expenditures for the year.The Google parent company bumped its spending expectations on artificial intelligence infrastructure to $91-$93 billion from $85 billion the prior quarter, noting continued strong cloud demand.CEO Sundar Pichai said the company had a $155 billion backlog for Google Cloud at the end of the quarter.”Looking out to 2026, we expect a significant increase in CapEx,” Chief Financial Officer Anat Ashkenazi told investors on the earnings call Wednesday.Deutsche Bank said in a note that there was “virtually no…
The European Central Bank has kept interest rates on hold, as expected, at its latest meeting on Thursday.The central bank held its key deposit facility rate at 2% for the third consecutive time, having last cut rates in June. The trim, which coincided with euro zone inflation hitting the ECB’s target rate of 2%, was part of a rate-cutting cycle that has brought rates down from last year’s record high of 4%.The ECB said in a statement Thursday that “inflation remains close to the 2% medium-term target and the Governing Council’s assessment of the inflation outlook is broadly unchanged.” “The economy has continued…
Stocks on display at the Nasdaq on Sept. 10, 2025. Danielle DeVries | CNBCThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Magnificent or not?Magnificent Seven members Alphabet, Microsoft and Meta Platforms all beat Wall Street’s expectations yesterday, exceeding estimates for earnings per share and revenue while talking up expansion plans. But investors’ responses varied widely.Here’s what to know:Alphabet shares surged more than 7% after the Google parent beat the Street’s forecasts for revenue tied to its Google Cloud and YouTube businesses. Executives…
U.S. President Donald Trump and Chinese President Xi Jinping react as they hold a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. Evelyn Hockstein | ReutersPresident Donald Trump and President Xi Jinping reached a trade truce during a high-stakes meeting in South Korea on Thursday, de-escalating a dispute over rare earth elements that had threatened to push the world’s two largest economies into a full-blown trade war.China has agreed to pause for one year the sweeping export controls on rare earths announced on Oct. 9…
These are some of the stocks posting the largest moves in early trading. Source link
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom.John Keeble | Getty ImagesRestaurant Brands International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by growth of its international restaurants and Tim Hortons.Combined, the two divisions account for roughly 70% of the company’s earnings, according to CEO Josh Kobza.Shares of Restaurant Brands rose 3% in premarket trading.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.03 adjusted vs. $1 expectedRevenue: $2.45 billion vs.…
Here are the biggest calls on Wall Street on Thursday: Roth initiates Real Real as buy Roth says the luxury resale shop has a differentiated offering. “The RealReal (TRR) is in the midst of a positive business inflection that has gained momentum under CEO Rati Levesque.” Oppenheimer downgrades Meta to perform from outperform The firm says there’s “too much uncertainty” surround the company’s AI investments following earnings. “Downgrading META to Perform (from Outperform) as risk/reward properly reflected after-hours.” Read more . Oppenheimer upgrades Extreme Networks to outperform from perform Oppenheimer upgraded the networking equipment company following earnings. “EXTR entered fiscal…
Analysts liked what Alphabet’s third-quarter earnings report showed. The company earned an adjusted $3.10 per share on revenue of $102.35 billion. Analysts surveyed by LSEG had forecast earnings of $2.33 and $99.89 billion in revenue. Alphabet cited strong demand for artificial intelligence as helping drive momentum in its cloud business. Cloud revenue came in at $15.15 billion, marking a 35% year-over-year increase. And while the company increased its capital expenditures outlook, investors and analysts cheered the Alphabet’s AI path while its other businesses remain strong. Analysts across Wall Street reiterated their bullishness on the name, with the ones highlighted below…
It wasn’t a traditional pitch meeting. There were no slides, no product demo. There wasn’t even a clear explanation of what the founders were trying to build. But for investor Oren Zeev’s decision-making process, none of that was necessary. “I just liked them, I just wanted to be close to them,” said Zeev. “So I wrote a small check – a ‘relationship investment,’ I called it.”The year was 2013, and Zeev, a former general partner with the venture capital arm of Apax Partners (which now operates primarily as a private equity firm), was working as a de facto angel investor. He…
