Microsoft blinked a little in the AI capex race. Wall Street loved it.

Microsoft CEO Satya Nadella Fortune via Reuters Connect A version of this story originally appeared in the BI Tech Memo newsletter. Sign up for the weekly BI Tech Memo newsletter here. For several years, Big Tech has operated under a simple rule: spend more on AI, or investors will assume you're falling behind. This

US stocks are rebounding after Microsoft leaped on hopes that its big spending on AI is translating into profits, while computer-chip companies clawed back some of their sharp recent losses.

US stocks are rebounding after Microsoft leaped on hopes that its big spending on AI is translating into profits, while computer-chip companies clawed back some of their sharp recent losses.

U.S. stocks are rebounding after Microsoft leaped on hopes that its big spending on AI is yielding profits, while computer-chip companies clawed back some of their sharp recent losses

Microsoft has posted strong quarterly earnings, surpassing expectations with significant growth in its cloud computing platform and a boost in paid AI users

Microsoft beats Wall Street expectations with $90B in revenue  AP News

Microsoft Beats Wall Street Expectations, With 31% Jump in Profits  WSJ

Apple's market value briefly exceeded five trillion dollars on Tuesday. This milestone was achieved after the company regained its position as the world's most valuable public company. Unlike rivals, Apple rents AI infrastructure, preserving its strong cash flow. This strategy contrasts with competitors facing incre

Sales outpace Wall Street expectations as defense business comes through while commercial airplane sales miss mark.

South Korea's Kospi fell 10% and Nasdaq-100 futures dropped more than 1% as semiconductor names slid for a fourth session