Microsoft, Meta, Amazon, Alphabet Report AI Revenue
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- Microsoft posted a 30% year‑over‑year increase in AI‑driven cloud revenue in Q2 2024, lifting its after‑hours share price by about 5%.
- Meta said AI‑enhanced ad revenue rose 45% YoY while AI R&D spending climbed to $10 billion, a 20% jump.
- Amazon disclosed AI‑powered AWS services contributed $7.5 billion to Q2 earnings, as operating costs rose 12% due to GPU purchases.
- Alphabet reported AI‑driven search ad revenue up 22% YoY, with AI data‑center capex reaching $5 billion.
- CNBC warned traders are bracing for $800 billion in earnings‑related stock movement as AI bets dominate the upcoming earnings season.
Why it matters: Microsoft shareholders capture a 5% share‑price boost, while AI‑heavy firms face 10‑12% cost spikes that tighten margins, prompting investors to rebalance portfolios ahead of an $800 billion earnings‑driven market swing.
