Microsoft shares slide on dour cloud outlook, Meta rises on revenue beat
- Microsoft is focusing on its Azure cloud business as it faces doubts about AI spending, with a quarterly revenue forecast due soon.
- Azure growth has slowed for two consecutive quarters, but is expected to grow by 31.8% in the second quarter, according to Visible Alpha.
- Investor sentiment has turned negative due to concerns about gross margins and AI monetization, with stock prices up less than 8% in the past year.
- Microsoft's relationship with OpenAI has changed, as OpenAI will no longer use Azure exclusively, impacting future growth projections.
Insights by Ground AI
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Coverage Details
Total News Sources0
Leaning Left4Leaning Right4Center6Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
42% Center
L 29%
C 42%
R 29%
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