Latest in Google's Cloud Business Powers Accelerating Revenue Growth
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Google's Cloud Business Powers Accelerating Revenue Growth
Google reported a 15% jump in year-over-year revenue driven by strong results in its cloud-computing division, boosting the company’s fortunes during a costly push into artificial intelligence.Business - The Wall Street Journal - October 29 -
Google’s strong earnings boosted by cloud computing gains
Parent company Alphabet’s shares rise 6% as results show lift from AI demandBusiness - Financial Times - October 30 -
Amazon beats Wall Street expectations with strong cloud business growth
Shares rise as company reports quarterly revenue of $158.9bn – more than analysts had forecast. Amazon became the latest of the “magnificent seven” tech giants to report quarterly earnings on ...World - The Guardian - October 31 -
AI demand drives growth and higher spending at Amazon’s cloud business
Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarterBusiness - Financial Times - October 31 -
Bangladesh’s leader says ‘no place’ for Sheikh Hasina’s ‘fascist’ party
Muhammad Yunus says will not seek exiled leader’s extradition from India before domestic tribunal’s verdictWorld - Financial Times - October 30 -
Hospitals in firing line of forgotten war
Sudan’s brutal civil war is taking a devastating toll on the country’s health facilitiesWorld - Financial Times - October 30 -
Why EU defence and security policy will stay in the hands of capitals
Also in this newsletter: wading into France’s budget messWorld - Financial Times - October 30 -
Lonza Sees Accelerating Sales Growth in Final Quarter
The Swiss life-sciences company said it expected accelerated sales growth in the fourth quarter on the back of the timing of product releases and the ramp-up of its new acquired manufacturing ...Business - The Wall Street Journal - October 24 -
Nvidia accelerates Google quantum AI design with quantum physics simulation
Nvidia it is working with Google Quantum AI to accelerate the design of its next-generation quantum computing devices using simulations powered by Nvidia.Tech - VentureBeat - 2 days ago -
Amazon shares pop on earnings beat, cloud growth
The company's cloud and advertising units showed strong growth.Business - CNBC - October 31 -
Airbnb Posts Higher Third-Quarter Revenue as Travel Demand Accelerates
The short-term rental company posted higher revenue in the third quarter as North American travel trends improved.Business - The Wall Street Journal - November 7 -
US regulators plan to investigate Microsoft’s cloud business
FTC chair Lina Khan continues to pursue Big Tech in final days of Biden presidencyBusiness - Financial Times - 6 days ago -
One of our stocks is holding back the Dow as the S&P 500 and Nasdaq bounce back
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.Business - CNBC - October 24 -
Palantir’s stock surges as AI drives a further acceleration in growth
Palantir’s CEO says the latest earnings are ”a slap in the face of people who continue to believe that the value of AI is solely in building AI large language models.”Business - MarketWatch - November 5 -
Sequence launches on Google Cloud Marketplace for Web3 gaming tech
Sequence, the all-in-one platform for building Web3 games, has partnered with Google Cloud Marketplace to widen its reach to game developers.Tech - VentureBeat - October 24 -
Google's cloud outpaces rivals in third quarter as AI battle heats up
One takeaway from tech earnings reports this week is that Google's cloud business is gaining momentum.Business - CNBC - November 2 -
Alphabet shares rise on earnings beats boosted by cloud revenue
Google parent Alphabet reported third-quarter earnings that beat on top and bottom lines.Business - CNBC - October 30 -
Microsoft Cloud revenue rises on AI boom but softer outlook weighs on shares
Warnings of slowing Azure growth and rising data centre costs damp initial optimism on tech giant’s quarterly earningsBusiness - Financial Times - October 31 -
Microsoft Shares Slip as Forecast Sparks Concern About AI and Cloud Revenue
The company’s projection points to less growth than anticipated, causing concern about the payoff for its massive AI investment.Business - The Wall Street Journal - October 31 -
Dexcom shares fall on slow revenue growth
Dexcom shares fell Thursday after the company released third-quarter results that showed slow revenue growth.Business - CNBC - October 25 -
Meta misses on user growth, warns of 2025 jump in AI spending
Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.Business - CNBC - October 30 -
Meta Reports Record Revenue, Slower Ad Growth
The social media giant is spending billions on artificial intelligence and products for virtual and augmented reality.Tech - The Wall Street Journal - October 31 -
Kuaishou Posts Profit, Revenue Growth, Meeting Estimates
The Chinese short-video app operator reported in-line results on advertising strength, even as it continued to face challenges in its e-commerce business.Business - The Wall Street Journal - Yesterday -
Amazon’s cloud growth takes a backseat as this retail reality shines through
Often cloud growth drives Amazon’s stock movements after earnings, but this time analysts are keying in on overall profit as well as retail momentum for nondiscretionary purchases.Business - MarketWatch - November 1 -
Nvidia’s dizzying growth is now everyone’s business
Chip giant’s earnings are a big event for US equity investors, and not just because of its $3.6tn heftBusiness - Financial Times - 17 hours ago -
Chipotle misses revenue estimates as same-store sales growth disappoints
Chipotle's same-store sales rose 6% in the third quarter, just missing Wall Street's expectations.Business - CNBC - October 30 -
FirstFT: Harris calls on America to ‘turn the page’ on Trump
Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after resultsWorld - Financial Times - October 30 -
Nvidia’s revenue nearly doubles as AI chip demand remains strong
US chipmaker reassures investors seeking signs of the strength of boom that has made it world’s most valuable companyBusiness - Financial Times - 17 hours ago -
Nvidia shares fluctuate as investors digest third-quarter earnings
Despite nearly doubling sales year on year, Nvidia's third-quarter results show a slowdown from previous quarters.Business - CNBC - 14 minutes ago -
Microsoft accuses Google of ‘shadow campaigns’ to undermine its business
War of words between Big Tech companies reveals fierce rivalry in cloud computingBusiness - Financial Times - October 28 -
How Google’s Ad Change Could Affect Small Businesses
The overhaul of Google Local Services means small businesses must be verified before their ads can run and be served on the popular digital ad platform.Business - Inc. - October 30 -
Musk tops Fortune list of most powerful in business
Fortune on Tuesday named billionaire tech mogul Elon Musk as the most powerful person in business of 2024. Musk topped the outlet’s list of the 100 most powerful people in business, followed by ...Politics - The Hill - November 12 -
Microsoft dips on weak guidance after beating on earnings
Microsoft reported better-than-expected results for the fiscal first quarter as Azure topped estimates. But quarterly growth guidance was light.Business - CNBC - October 30
