*S&P 500 DOWN BUT WELL OFF LOWS AS MICROSOFT CUTS LOSSES $SPY $SPX $MSFT
that beat on the top line, led by surprise strength in its cloud business, though revenue missed estimates and the company flagged a weaker outlook ahead.
Some on Wall Street, however, believe Microsoft’s cloud growth could reaccelerate sooner than expected, and the firm’s recent efforts to cut costs will begin to boost growth as soon as the fiscal fourth quarter. “Microsoft’s expense efficiencies, meanwhile, will start to bear fruit in 4Q with continued tailwinds into FY24, we believe earnings and revenue growth could have troughed in F2Q23 followed by stability and potential re-acceleration towards the end of CY23, which is why we reaffirm our Buy rating and $315 PT,” Goldman Sachs said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Microsoft investing billions of dollars into ChatGPT maker OpenAIOpenAI gets financial firepower, and Microsoft gets a deeper foothold in generative AI.
Baca lebih lajut »
Microsoft confirms it's investing billions in the creator of ChatGPT | CNN BusinessMicrosoft on Monday confirmed it is making a 'multibillion dollar' investment in OpenAI, the company behind the viral new AI chatbot tool called ChatGPT.
Baca lebih lajut »
U.S. stocks mostly end lower, S&P 500 extends losses as investors weigh quarterly earningsU.S. stocks finished lower Wednesday as investors continued assessing companies' quarterly earnings results. The Dow Jones Industrial Average closed about flat:
Baca lebih lajut »
S&P 500 Futures dribble around six-week top, Treasury bond yields struggle amid mixed cluesS&P 500 Futures dribble around six-week top, Treasury bond yields struggle amid mixed clues – by anilpanchal7 SP500 Futures YieldCurve RiskAppetite Equities
Baca lebih lajut »
Tech earnings will drag on S&P 500 growth overall: Credit Suisse's GolubBig Techs' earnings are shaping up to be so weak the S&P 500 would be better off without them, a top Credit Suisse strategist says
Baca lebih lajut »
S&P 500 ends slightly down after mixed earnings, opening glitchThe S&P 500 ended nominally lower on Tuesday at the close of a rocky session marked by a raft of mixed earnings and a technical malfunction at the opening bell.
Baca lebih lajut »