Tech Giants Face Mixed Outcomes Amid AI and Earnings Reports
Microsoft and AMD see divergent results in AI investments, while the broader tech market anticipates Federal Reserve's rate decision.
- Microsoft's AI-driven Azure growth slows, causing investor concerns despite overall revenue increase.
- AMD reports a significant rise in AI chip sales but struggles with declining gaming hardware revenue.
- Tech stocks rebound in pre-market trading as investors await the Federal Reserve's interest rate decision.
- Microsoft's Xbox unit sees a 61% revenue boost, largely due to the Activision-Blizzard acquisition.
- Apple prepares to release its third-quarter earnings, with focus on AI projects and iPhone sales in China.
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