Microsoft Lower on Artificial Intelligence Growth Not Until Next Year

Software giant Microsoft reported weaker than expected June 2022 (Q4F23) quarterly earnings Tuesday, MSFT also issued worse-than-expected quarterly revenue guidance. The company made $56.2 billion in revenue and a net income of $20.1 billion during Q4. Microsoft’s cloud businesses are really driving the company’s revenue. Windows and devices revenue have been hit hard again this quarter, but Xbox has rebounded on the content side. Microsoft’s cloud, office, and server businesses continue to make up for a weaker PC market. Investors … Continue reading “Microsoft Lower on Artificial Intelligence Growth Not Until Next Year”

Nvidia Crushes Earnings and Guidance Acceleration with AI and Data Center Growth

NVidia trounced analysts with spectacular earnings and guidance for the April fiscal quarter of 2023 establishing itself as the leader in the emergence of AI technology. Nvidia fulfills the insatiable market needs of generative AI and accelerated computing. NVDA shares have been running hot with the generative artificial intelligence boom that started with the launch of OpenAI’s ChatGPT back in November. Even with that NVDA projected $11 billion in sales for the quarter ending in July, shocking analysts who had … Continue reading “Nvidia Crushes Earnings and Guidance Acceleration with AI and Data Center Growth”

Nvidia Earnings Beat with Rebound in Gaming, Sees Acceleration of AI and Data Center Growth

NVidia announced better than expected earnings and guidance for the January fiscal quarter of 2023 with sales and earnings beating analyst expectations. $NVDA shares jumped +29.10 or +14.02% on the results which also gave some hope to the beaten down semiconductor sector. Nvidia’s superior growth prospects are tied to the substantial investments it made in AI-powered technology over the past several years. CEO Jensen Huang commented that AI adoption is at an inflection point as the company prepares to launch … Continue reading “Nvidia Earnings Beat with Rebound in Gaming, Sees Acceleration of AI and Data Center Growth”

Vicious Microsoft 20 percent Stock Gyrations After Lowers Cloud Guidance Reversing Gains to Losses

Software giant Microsoft stock took a whirlwind ride after it reported weaker than expected December 2022 (Q2 23) quarterly earnings Tuesday, with the market initially ignoring it on better cloud revenue (+38% constant currency vs +37% CC) However, that all fell apart after the earnings call. $MSFT lowered guidance, $50.5 billion to $51.5 billion in fiscal Q3 revenue vs analysts’ expectations for $52.43 billion. The stock gave back the entire initial earnings jump to go green to red, down over … Continue reading “Vicious Microsoft 20 percent Stock Gyrations After Lowers Cloud Guidance Reversing Gains to Losses”

C3.ai Beat Analysts Revenue Targets but AI Cash Burn Rate Worries Remain

Artificial intelligence software company C3.ai beat analyst expectations for the Q2 fiscal FY2023 quarter, with revenue up 7% year-over-year to $62.41 million. However, AI is still running with large losses and its growth has stagnated. For Q2 2023, bookings were down 14% y/y. while bulls cite the large amount of cash on hand it is the burn rate that is of concern and explains much of why the stock is down over 90% from its highs. AI stock traded at … Continue reading “C3.ai Beat Analysts Revenue Targets but AI Cash Burn Rate Worries Remain”

Nvidia Overcomes AI Chip Restrictions in China with Strong Data Center Growth

NVidia announced mixed earnings for the October fiscal quarter of 2023 with sales beating analyst expectations but earnings per share lower than forecast. Nvidia said it expected $6 billion in sales in the fourth quarter, lower than consensus estimates of $6.09 billion $NVDA Shares got relief from Gaming beating expectations and Data Center revenue $3.83 billion, up 31% year-over-year. Nvidia said reduced sales from the GPUs banned in China would be largely offset by its alternative products like Automotive. AI … Continue reading “Nvidia Overcomes AI Chip Restrictions in China with Strong Data Center Growth”

Microsoft Reports Soft Cloud Growth and Windows Licenses Lowering Guidance

Software giant Microsoft reported stronger than expected June 2022 quarterly earnings Tuesday, both revenue and earnings beat expectations. However, MSFT warned for the coming quarter which saw the stock slide around 7%. Microsoft Cloud segment saw another slowdown, it had been MSFT’s robust engine with 50% or more year-over-year sales growth. Azure and other cloud services saw sales slowdown to 35% in the latest quarter. The software giant was also hit by revenue from sales of Windows licenses to device … Continue reading “Microsoft Reports Soft Cloud Growth and Windows Licenses Lowering Guidance”

Nvidia Launches DRIVE Thor Autonomous and Assisted Driving Platform

Chip maker Nvidia has been aggressively developing its key growth automotive business segment enhancing its artificial intelligence (AI) market capabilities. NVDA on Tuesday unveiled its new computing platform called DRIVE Thor to centralize autonomous and assisted driving. The platform has other digital functions including in-car entertainment which will bring down the ultimate cost. Nvidia’s head of automotive business Danny Shapiro said DRIVE Thor would be able to replace numerous chips and cables in the car and bring down the overall … Continue reading “Nvidia Launches DRIVE Thor Autonomous and Assisted Driving Platform”

Artificial Intelligence Software Company C3.ai Stock AI Falls 15% After Misses Earnings, Slashes Guidance

Artificial intelligence software company C3.ai missed analyst expectations in Q1 FY2023 quarter, with revenue up 24.6% year on year to $65.3 million. Guidance for the next quarter also missed analyst expectations with revenues guided to $61 million at the midpoint, or 14.9% below analyst estimates. C3.ai made a GAAP loss of $71.8 million, down on its loss of $37.4 million, in the same quarter last year. AI stock traded at 15.20 down $2.80 or 15.56% After Hours C3.ai Q1 2023 … Continue reading “Artificial Intelligence Software Company C3.ai Stock AI Falls 15% After Misses Earnings, Slashes Guidance”

Nvidia Gaming Revenue Weakness Persists While Data Center Hyperscale Customers Grow

NVidia beat earnings expectations in the July Fiscal quarter of 2023. Q2 revenue of $6.7 billion matched consensus. Non-GAAP EPS of $0.51 beat by $0.01. However, Nvidia guided for FQ3 revenue of $5.9B, plus or minus 2%. That’s below a $6.91B consensus. The release comes just two weeks after NVDA issued a sales and margin warning. $NVDA Shares got relief from Gaming and Professional Visualization segment revenue expected to be down Q/Q in FQ3, but Data Center and Automotive revenue … Continue reading “Nvidia Gaming Revenue Weakness Persists While Data Center Hyperscale Customers Grow”