Strong Demand for AI Tech Boosts Microsoft and Alphabet Revenue, Despite Minor Cloud Miss for Alphabet

AI technologies being integrated into software for businesses and consumers, showing strong demand.

Alphabet's Q3 results show AI helping drive revenue growth, though cloud revenue fell slightly short of expectations.

Microsoft's Q3 results also show AI driving growth, with Intelligent Cloud revenue up 29% driven by Azure.

The market reacted positively to Microsoft's AI-driven growth but negatively to Alphabet's slight cloud revenue miss.

The demand for AI tech at Microsoft and Alphabet indicates a broad market for AI-powered software, which is good news for AI startups.