Same AI race: Alphabet burns cash while Microsoft keeps it positive
6h agonow
What the source said
“Same AI race: Alphabet burns cash while Microsoft keeps it positive”
Dubai: Google parent Alphabet’s shares fell about 10 percent while Microsoft shares rose about 4 percent in extended trading on October 28. Both tech majors showed an increase in cloud revenues, then why did the street give opposite verdicts? Alphabet missed estimates on revenue and earnings and swung to negative free cash flow. Microsoft beat on revenue, earnings and cloud. Get updated faster and for FREE: Download the Gulf News app now - simply click here. Where did Alphabet falter? Alphabet…
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