AI Giants Microsoft and Alphabet Dominate Quarterly Earnings Charts with Surging Cloud Revenue
Sunnyvale, California – Tech giants Microsoft Corp. and Google owner Alphabet Inc. showcased impressive financial results on Thursday, indicating that their investments in artificial intelligence and cloud computing are yielding substantial returns. Both companies exceeded Wall Street’s expectations for the latest quarter, driven by a surge in cloud revenue propelled by the growing utilization of AI services. As a result, Alphabet’s shares skyrocketed by as much as 17%, while Microsoft saw a 6.3% increase in …