Microsoft Soars While Alphabet Sinks as AI Drives Cloud Divergence After Earnings
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Big tech stocks Alphabet and Microsoft headed in opposite directions after earnings. Microsoft's cloud growth attributed to AI, while Alphabet's cloud disappointed.
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Microsoft stock rose over 4% on strong cloud revenue growth driven by AI. Alphabet shares fell over 8% as cloud growth slowed despite AI interest.
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Stocks slipped at open as Microsoft and Alphabet earnings sparked divergence. Dow up while Nasdaq fell over 1% amid tech earnings reactions.
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Microsoft popped on earnings beat and AI-powered Azure cloud acceleration. Alphabet slid as cloud business fell short despite earnings beat.
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Futures fall after Alphabet cloud disappointment. Nasdaq and S&P to open lower while Dow futures edge up.