Earnings Analysis: Meta, Microsoft, Alphabet & Amazon Deliver Earnings
4/29/202623 min
Four of the biggest companies in the US: Alphabet, Amazon, Meta and Microsoft all reported earnings after the bell.
- Meta Platforms shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it’s making to build artificial intelligence models won’t pay off.
- Microsoft's cloud business reported growth that narrowly beat analysts’ estimates, disappointing investors concerned that the company isn’t fully capitalizing on demand for AI services.
- Amazon spent more than anticipated to expand data center capacity in the quarter, fueling the fastest sales growth for its cloud unit in more than three years.
- Alphabet (GOOGL) reported quarterly revenue and profit that beat projections, fueled by strong growth in its cloud computing unit, signaling that the internet giant’s unprecedented investments in AI infrastructure are beginning to pay off.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
- Ed Ludlow, cohost of Bloomberg Tech
- Ron Westfall, HyperFRAME Research Infrastructure and Networking VP & Practice Leader
- Anurag Rana, Bloomberg Intelligence Senior Technology Analyst
- Matt Day, Bloomberg News Technology Reporter
See omnystudio.com/listener for privacy information.
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First 90 secondsSpeaker 00:01
For years, the conversation around Bitcoin was the same: Is it real, and does it belong in a portfolio? While others debated, CoinShares got to work. In 2015, they launched the world's first Bitcoin ETP, regulated, listed, and built for institutional investors long before the US market caught up. Today, they manage over $6 billion in assets and have remained profitable through every market cycle, including the 2022 downturn. What sets them apart? They're not a crypto exchange chasing trading fees, not a company betting its balance sheet on Bitcoin, not a mining operation. CoinShares is an asset manager with recurring fees, a fixed cost base, and a business model you can actually model. Now listed on NASDAQ under ticker CSHR. Learn more at coinsharesipo.com.
Speaker 10:44
The thing about AI for business, it may not automatically fit the way your business works. At IBM, we've seen this firsthand, but by embedding AI across HR, IT, and procurement processes, we've reduced costs by millions, slashed repetitive tasks, and freed thousands of hours for strategic work. Now we're helping companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business. IBM.
Carol Massar· Host1:26
You need to make a huge presentation in an hour. Adobe