Stock Market News for May 2, 2025

Stock Market News for May 2, 2025

Detailed price information for Microsoft Corp (MSFT-Q) from The Globe and Mail including charting and trades.

Microsoft’s Q1 profits rose 18% thanks to AI and cloud computing

Microsoft’s cloud computing and artificial intelligence business helped deliver $70.1 billion in sales and boosted profits by 18% for the January-March quarter, a dose of relief for investors during a turbulent time for the tech sector and U.S. economy.The company reported quarterly net income of $25.8 billion, or $3.46 per share, beating Wall Street expectations for earnings of $3.22 a share.The Redmond, Washington-based software maker posted r…

Microsoft Irish subsidiary pays $41bn dividend to US parent

Revenue reported by another Microsoft subsidiary surged from $69 billion in 2023 to $79 billion last year

Microsoft (MSFT) Stock Surges Nearly 9% – What’s Next? - FinanceFeeds

Microsoft (MSFT) shares soared nearly 9%, opening with a major bullish gap. After closing at around $391 on April 30, the stock surged to end just under $425 the following day. What Sparked the Rally? The rally followed Microsoft’s release of its Q1 2025 earnings, which beat Wall Street forecasts across the board. Revenue came in at $70.1 billion—2.4% above expectations—while earnings per share hit $3.46, exceeding projections by 7.4%. Investors…

AWS Records $29.3 Billion Cloud Revenue in Q1 2025, Beats Microsoft and Google

Amazon Web Services (AWS), the cloud computing and services subsidiary of e-commerce giant Amazon, reported on Thursday that it earned a revenue of $29.3 billion in Q1 2025. This marks a 17% year-over-year increase. However, this growth is slightly lower compared to the 18.9% year-over-year increase recorded in Q4 2024. “Before this generation of AI, we thought AWS had the chance to ultimately be a multi hundred billion dollar revenue run rate b…

CoreWeave Soars 17% as Microsoft Doubles Down on AI Spending - Wall Street Pit

CoreWeave (CRWV) stock surged 17% on Thursday, reaching an intraday high of $48.35, as Microsoft’s 33% cloud revenue growth and Meta’s increased 2025 capital expenditure forecast helped ease tariff-related concerns.. Microsoft, contributing 62% of CoreWeave’s 2024 revenue, and a $11.9 billion OpenAI deal over five years highlight CoreWeave’s critical role…