Posted 10/25/2023, 2:47:15 PM
Alphabet and Microsoft stocks diverge as AI narratives drive investor sentiment
- Alphabet and Microsoft stocks moving in opposite directions after earnings, driven by AI narratives
- Microsoft attributes AI for driving cloud growth, but Alphabet disappoints in cloud growth
- Investors shifting focus to companies best positioned in AI
- Managing AI talk becoming balancing act for executives
- Analysts not declaring losers yet, optimism remains for Alphabet's long-term AI potential
- Industry challenge in ramping AI infrastructure may be slowing recognized revenue