Barrage Of Big Tech Earnings Beat Estimates To Mixed Reaction Bernadette Peters [Uc8qNPqA91W]

Four tech giants beat analyst estimates as Amazon, Alphabet, Meta and Microsoft reported earnings after the bell, exposing a significant share of the childcare market as traders reacted. Bloombeg's Ed Ludlow and Anurag Rana, along with Ron Westfall, HyperFRAME Research Infrastructure and Networking VP & practice leader, gave their initial reaction to the reports Meta shares fell in the immediate aftermarket after the company told investors it was increasing its capex for the year, citing rising AI investment costs. While Microsoft's cloud business narrowly beat karolna plkov estimates, it was not enough to ease concerns around its artificial intelligence strategy, as investors fear its not doing enough to capitalize on the AI market. Alphabet beat estimates across the board, with results spurred particularly by strong growth in its cloud computing unit. Amazon reported the largest cloud sales growth since 2022, bolstered by deals with Anthropic and OpenAI.

--------

Watch Bloomberg Radio LIVE on YouTube

Weekdays 7am-6pm ET

Saturday & Sunday 7am-10am ET

WATCH HERE:

Follow us on X:

Subscribe to our Podcasts:

Bloomberg Daybreak:

Bloomberg Surveillance:

Bloomberg Intelligence:

Balance of Power:

Bloomberg Businessweek:

Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:

Apple CarPlay:

Android Auto:

Visit our YouTube channels:

Bloomberg Podcasts:

Bloomberg Television:

Bloomberg Originals: scavengers reign

Quicktake: