Google and Microsoft Just Proved the AI Trade Is Alive—While OpenAI Is Sweating
Alphabet and Microsoft crushed Q1 estimates on the same day, with Google Cloud up 63% and Microsoft's AI business hitting a $37 billion run rate.
The strong performance of Google and Microsoft in the AI sector is likely to boost investor confidence in tech stocks, leading to upward price movement in related equities. This may also positively influence market sentiment towards AI-focused investments.
Alphabet and Microsoft crushed Q1 estimates on the same day, with Google Cloud up 63% and Microsoft's AI business hitting a $37 billion run rate.
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