Microsoft profits soar almost 25% on boom in cloud computing
US tech giant’s valuation set to pass $4tn as investors embrace plans to spend $120bn on artificial intelligence next year
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Microsoft hits $4tn market value as tech stocks rise to new highs
Meta shares jump 12% on back of blockbuster earnings
European start-up valuations boom on investor frenzy
Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown
Microsoft taps Nebius to supply up to $20bn of AI computing power
Big Tech group inks 5-year deal to help power its artificial intelligence ambitions
Microsoft’s AI spending and disappointing cloud growth overshadow strong profits
Revenue rises 17% to a record $81bn, but 66% surge in capital expenditures revives debate about returns on vast AI costs
Big Tech’s AI payback might be coming into view
Earnings hint at growth trajectory despite increases in capital spending
Big Tech’s AI spend is still a shot in the dark
Stellar results from Alphabet, Microsoft and Meta cannot yet be attributed to the technology’s usefulness