MarketWatch First Take: Microsoft and Alphabet results show Wall Street only cares about AI

by | Oct 24, 2023 | Stock Market

Microsoft Corp. and Alphabet Inc. both reported mostly strong results Tuesday, but the disparate reactions from investors showed that Wall Street only cares about artificial intelligence right now. While Microsoft shares MSFT rose 4% in after-hours trading following the company’s latest report, Alphabet shares GOOG GOOGL dropped 6% as Wall Street got the sense that AI is manifesting differently in the companies’ cloud businesses. Microsoft…

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