Amazon Surprises, Meta Fades
Amazon's profit nearly doubled during the holiday season, thanks to better-than-expected labor and supply cost control, as well as advances in its cloud computing and advertising divisions.
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Cloud And E-Commerce Shine
Amazon.com Inc has surpassed Wall Street's expectations with its impressive sales growth and profits, driven by efficient delivery to customers and a rebound in its cloud-computing division.
Big Tech's AI Spending Surge
Big Tech's capital spending is projected to surpass $200 billion this year, with further increases anticipated in 2025.
Microsoft Leads The Way
In the recent quarter ending in December, Microsoft experienced its most significant profit surge in over two years, largely due to the rising interest in artificial intelligence which has significantly boosted the demand for its cloud services
Netflix Gains Momentum with Ad-Supported Tier
The streaming service recently disclosed that its more affordable ad-supported option has garnered five million monthly active users. Furthermore, in areas where this tier is available, approximately 25% of new subscribers are opting for it.