Amazon.com Inc. predicted Thursday that holiday sales and profit would come in well lower than analysts expected as cloud growth slowed and AWS profit missed expectations by nearly $1 billion, Read more
Tag: Computer Services
Amazon misses on holiday forecast and cloud growth, profit; stock plunges nearly 20%
Amazon.com Inc. showed its first quarterly profit of the year Thursday, but predicted that holiday sales and profit would come in well lower than analysts expected while cloud growth slowed, Read more
Meta spending slams Facebook stock, but here are the chip stocks that are benefiting
Data-center stocks buoyed an otherwise down chip sector Thursday as shares of Facebook parent Meta Platforms Inc. cratered on torn-in-half profits and a hike in capital spending to fuel Mark Read more
Meta spending slams Facebook stock, but here are the chip stocks that are benefiting
Data-center stocks buoyed an otherwise down chip sector Thursday as shares of Facebook parent Meta Platforms Inc. cratered on torn-in-half profits and a hike in capital spending to fuel Mark Read more
Microsoft earnings drag down software stocks as results ‘could spark new rounds’ of sector concerns
Microsoft Corp. saw cloud-computing growth slow in the latest quarter, suggesting that even big technology companies aren’t immune to the current macroeconomic storm. Shares of Microsoft MSFT, +1.38% were off Read more
Microsoft stock drops more than 6% as forecast comes up short, cloud growth slows
Microsoft Corp. shares fell more than 6% in after-hours trading Tuesday as the company’s cloud-computing revenue came in lower than expected and executives’ forecast missed expectations by more than $2 Read more
Microsoft stock slips as Azure growth slows and cloud sales miss projections
Microsoft Corp. shares slipped in after-hours trading Tuesday despite an earnings beat, as the company’s cloud-computing revenue came in lower than expected and its core cloud product, Azure, grew at Read more
Opinion: IBM’s expensive and risky pivot to the cloud is finally paying off
International Business Machines agreed to buy open-source enterprise-software company Red Hat for a whopping $33 billion in 2019, its biggest acquisition ever. Critics scoffed that the deal was folly. Everyone Read more
TikTok will use your data to fuel its multibillion-dollar shopping mall — whether you know it or not
If you ask a roomful of people what TikTok is, you’re bound to get a pretty wide array of answers. Is it a hub for teens to show off their Read more
Google faces an advertising slowdown — here’s why earnings may hold up anyway
It’s been a challenging year for digital advertising, and the worst may be yet to come. “We believe the darkest days of this downturn are ahead of us,” Monness Crespi Read more