Listen for instant reaction and analysis of megacap tech earnings from Meta, Microsoft and Qualcomm. Meta Platforms gave a disappointing revenue forecast for the current quarter, intensifying investor concerns about the social media giant’s unprecedented spending on artificial intelligence and sending shares lower afterhours. Microsoft’s cloud unit grew at the fastest pace in four years, suggesting that the company’s computing infrastructure and artificial intelligence services continue to make inroads with businesses. Shares of Microsoft rose in extended trading. Qualcomm, the largest maker of smartphone processors, gave a weak profit forecast for the current quarter, signaling that component shortages and rising costs are taking a toll on its main market. The company’s stock fell afterhours. To break down all of this, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with: Ed Ludlow, Host, Bloomberg Tech Mandeep Singh, Global Head of Technology Research, Bloomberg Intelligence See omnystudio.com/listener for privacy information.

Earnings Roundup: Meta, Microsoft & Qualcomm

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This is a breaking news update from Bloomberg. Instant reaction and analysis from our 3,000 journalists and analysts around the world. Big tech earnings. Microsoft rallying 3.5% in the aftermarket. You've got Meta under pressure. Ed Ludlow is host of Bloomberg Tech on Bloomberg Television, 11 a.m. Wall Street time Monday through Friday. Ed, pick where you want to start.

Should we start on Microsoft? I feel like it's probably the most tangible, right? So everything is in the cloud growth, better than expectations. And, you know, the math was really simple going into this. They've just closed the book on their fiscal financial year. And the question still remains, when we get to the call, what does Microsoft tell us about the capital expenditure growth into next year?

Because the street sees CapEx growing beyond 50%. Top line growth on Azure is 43%, give or take. All the street really wants to see is that pace of growth being near to CapEx growth, right? It's a really simple equation.

Earnings Roundup: Meta, Microsoft & Qualcomm

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Earnings Roundup: Meta, Microsoft & Qualcomm

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.