Alphabet, Amazon Outpace Meta in AI During Earnings Bonanza

About this episode

The episode discusses the earnings reports of major tech companies, focusing on their AI strategies and market performance.

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF . Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, recaps earnings from Meta and Alphabet. Meta Platforms shares plunged after the company raised its spending outlook for the year, driven by its AI strategy and higher component pricing and data center costs. Alphabet shares jumped after the company reported strong demand for its cloud and artificial intelligence offerings. -Anurag Rana, Bloomberg Intelligence Technology Analyst, recaps earnings from Microsoft and Amazon. Microsoft said cloud computing revenue and spending on AI infrastructure will accelerate this year, with Azure cloud unit sales expected to increase about 40% in the current quarter. Amazon.com is spending at a rapid rate to expand data center capacity to meet the intense demand for artificial intelligence computing power, fueling the fastest quarterly sales growth for its cloud unit in more than three years. - Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses earnings from Eli Lilly and…

People in this episode

Hosts: Paul Sweeney, Scarlet Fu

Guests: Mandeep Singh, Anurag Rana, Sam Fazeli

Topics covered

• AI
• earnings recap
• cloud computing
• investing
• technology

Keywords

• Alphabet
• Amazon
• Meta
• AI strategy
• cloud computing
• earnings report
• Microsoft
• Eli Lilly
• Merck

Mentioned in this episode

Organizations: Bloomberg Intelligence, Meta Platforms, Alphabet, Microsoft, Amazon.com, Eli Lilly, Merck & Co.

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