Microsoft reported better-than-expected earnings and revenue for Q4 In extended trading on 30th July 2024, the stock experienced a quick decline as attention was drawn to the less-than-expected Azure revenue, despite management’s forecast for growth in the upcoming quarters. The company’s total revenue saw a 15% increase compared to the previousRead More →
Amazon’s Q1 earnings and revenue exceeded expectations, emphasised by the expansion of its advertising and cloud computing sectors. The operating income surged over 200% to $15.3 billion in the period, significantly exceeding revenue growth, indicating that the company’s cost-reduction strategies and efficiency improvements are enhancing its financial performance. AWS contributedRead More →
Amazon Web Services (AWS) announced Trainium2, a chip for training artificial intelligence (AI) models, and it will also offer access to Nvidia’s next-generation H200 Tensor Core graphics processing units. Amazon’s AWS cloud department of the encompassing Amazon empire has announced new chips for customers to build and run artificial intelligenceRead More →