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Tech giant Amazon, Apple, Meta and Microsoft this week put the winning expectations in the shadow and redeemed artificial intelligence (AI) while navigating from the US tariffs.
“The massive results of Microsoft and Meta validate the applications and unprecedented expenditure violation for the AI revolution for both the company and for consumers,” said Dan Ives, analysts from Wedbush Tech, in a note to investors.
“We hardly scratched the surface of this fourth industrial revolution, which is now taking place all over the world, led by the big Techstalwarts such as Nvidia, Microsoft, Palantir, Meta, Alphabet and Amazon,” added Ives.
Amazon recorded a quarterly profit by 35 percent because the e-commerce giant said that large investments in AI technology would pay off.
“Our conviction that AI will change every customer experience begins to play,” said the managing director Andy Jassy, pointing to the extended Alexa+ Service of the company and the new AI shopping officer.
However, the company’s profit view in Seattle for the current quarter was lower than hoped. The investors feared that the costs for the AI would make up on the end result.
Despite an outstanding second quarter, which exceeded the analyst expectations, this was similar to how it was for its AI-focused competitors Google, Microsoft and Meta, which recorded bumpers for the period.
Amazon’s net turnover increased by 13 percent, which pointed out that the company previously survived surviving effects of high tariff trade policy under US President Donald Trump.
Amazon Web Services (AWS), the world’s leading cloud computing department of the company, led the fee, whereby sales rose by 17.5 percent to $ 30.9 billion.
Its strong performance reflects the increasing demand for cloud infrastructure for the power supply of AI applications, a trend that benefited important cloud providers, since companies apply the acceptance of generative AI technologies.
– $ 4 Billion Club –
Microsoft’s shares spiked themselves on Thursday after the quarterly results from the blowout and, together with NVIDIA, another AI, climbed in the unprecedented $ 4 trillion dollars.
The landmark assessment is the latest sign of growing bullity via a AI investment boom, of which market Watchers believe that it is still in the early stages -even if companies like Microsoft are planning the annual capital expenditure of $ 100 billion to add new capacities.
“Cloud and AI are the driving power of business conversion in every industry and in every industry,” said Satya Nadella, CEO from Microsoft.
At the center of the results was Azure, the company’s cloud computing platform, which is “charged” with AI, said Angelo Zino, technology analyst at CFRA Research.
