News

Shares of tech giants Meta and Microsoft were soaring Thursday, with the two companies adding a combined $400 billion to their market values ...
Wall Street has been tempering their expectations for rate cuts at the Fed’s next meeting in September. Traders now see a ...
Nvidia welcomed Microsoft to the exclusive $4 trillion club as America's tech giants plow through growing demand for artificial intelligence.
Microsoft Corp. said it will spend more than $30 billion in the current quarter to build out the data centers powering its ...
The bank's chief information, data and digital officer shared an update on AI initiatives across the company and how he's ...
A notable nugget for data platform watchers is with Azure Databricks and Snowflake on Azure both accelerating, Microsoft is ...
The Roundhill Magnificent Seven exchange-traded fund, which tracks the stocks of seven U.S. mega-cap tech companies, hit an all-time high in the wake of the reports.
An increase in Amazon Web Services spending cut into the cloud giant’s profits in the second quarter as AWS raced to meet ...
AWS represents a small part of Amazon’s total revenue, but it is a key driver of profits, typically accounting for about 60% ...
The S&P 500 dropped 0.37% and closed at 6,339.39 for its third straight losing day, while the Nasdaq Composite inched down ...
The CMA determined that "competition is not working well" and has shared recommendations to solve the situation. An independent CMA panel found the cloud services market to be “highly concentrated,” ...
Microsoft has posted strong financial results for the fourth quarter and fiscal year ending June 30, attributed primarily to continued demand for cloud services and AI programs. The company generated ...