Microsoft, Alphabet stocks fall as cloud and ad growth slows

John Leonard
clock • 2 min read
Microsoft, Alphabet stocks fall as cloud and ad growth slows
Image:

Microsoft, Alphabet stocks fall as cloud and ad growth slows

The main revenue engines of the largest tech giants - cloud and ads - are being hit by prevailing market conditions

Microsoft said on Tuesday that its cloud business is experiencing a slowdown as businesses rein in spending due to the prevailing economic conditions globally. Growth in Azure revenues is foreca...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Google to use Reddit posts for training AI models

Big Data and Analytics

Reddit will get access to Vertex AI as part of the deal as it heads for IPO

clock 23 February 2024 • 2 min read
Intel splits in two, signs deal with Microsoft

Chips and Components

'We want to be the foundry for the world'

clock 22 February 2024 • 7 min read
Gemma: Google unveils open AI models

Big Data and Analytics

Includes safety tools as standard

clock 22 February 2024 • 3 min read
Most read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Finance and Reporting

Nvida revenues rise 265% on AI chips

Nvida revenues rise 265% on AI chips

Looks set to make Nvidia more valuable than Amazon and Alphabet

John Leonard
clock 22 February 2024 • 2 min read
Tech giants make big revenue waves: Meta and Amazon reach new highs while Apple faces setback

Tech giants make big revenue waves: Meta and Amazon reach new highs while Apple faces setback

Meta's market capitalisation skyrocketed to $1.16 trillion

clock 05 February 2024 • 3 min read
ServiceNow's strong Q4 results fuelled by AI growth

ServiceNow's strong Q4 results fuelled by AI growth

Subscription revenue exceeded estimates

clock 26 January 2024 • 2 min read