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10.05.25 - 17:30
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The Mag 7 Cloud Stocks Are Telling Different Stories (24/7 Wall St.)
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Watch the Video Transcript: [00:00:04] Doug McIntyre: So at least something interesting happened. I looked at the Microsoft earnings and what I we're good, what I call Azure, which is their primary cloud business, right? Extraordinarily well, very well. We're considered number two in the market in terms of market share. I'm not gonna walk […]
The post The Mag 7 Cloud Stocks Are Telling Different Stories appeared first on 24/7 Wall St.....
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10.12.24 - 11:52
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Oracle slides as it misses Wall Street revenue targets on tough cloud competition (Reuters EN)
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Oracle slides as it misses Wall Street revenue targets on tough cloud competition Dec 10 (Reuters) - Oracle's ORCL.N shares sank over 8% on Tuesday in premarket trading after its quarterly revenue fell short of expectations, hindered by fierce competition among database and cloud services providers. The cloud computing company is on track to lose about $45 billion in market capitalization at current share price levels of $174.14, as per LSEG data....
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31.10.24 - 21:42
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Amazon beats Wall Street expectations with strong cloud business growth (The Guardian)
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Shares rise as company reports quarterly revenue of $158.9bn – more than analysts had forecastAmazon became the latest of the “Magnificent Seven” tech giants to report quarterly earnings on Thursday, with all eyes once again on cloud computing and any sign of a return on vast AI investments. Shares in the e-commerce giant rose in after-hours trading.The company reported revenue of $158.9bn against analyst expectations of $157.2bn, and earnings per share of $1.43, compared to $1.16 expected by Bloomberg analysts. Continue reading......
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