Markets

Microsoft could soar 16% on ‘unparalleled’ cloud dominance and continued work-from-home, says Wedbush senior tech analyst

Microsoft could gain 16% over the next year as cloud computing becomes a “transformational secular trend,” according to Dan Ives, Wedbush senior technology analyst. His team explained in a note to clients that the current work-from-home environment is catalyzing more workplaces to adopt cloud technologies, and Microsoft’s cloud computing platform […]
Microsoft could soar 16% on ‘unparalleled’ cloud dominance and continued work-from-home, says Wedbush senior tech analyst
Markets

Dow erases 2020 losses as Fed policy overhaul lifts stocks

The Dow Jones industrial average erased its 2020 losses on Thursday as stocks rallied on the Federal Reserve’s new monetary policy framework. The 30-stock index gained as much as 1.1% in the session. Microsoft and Walmart led the index higher following news of their joint bid for TikTok. The Dow […]
Dow erases 2020 losses as Fed policy overhaul lifts stocks
Markets

Microsoft sees $46 billion in market value erased after missing quarterly estimates for key businesses

Microsoft shares tumbled as much as 2.8% on Thursday after its cloud-computing and office software business missed quarterly estimates. The slump saw roughly $US46 billion erased from the tech giant’s market cap. A “continued customer shift to cloud offerings from multi-year on-premises agreements” harmed the company’s transactional licensing business, Microsoft […]
Microsoft sees $46 billion in market value erased after missing quarterly estimates for key businesses
Markets

Microsoft saw $62 billion of market value erased after it said coronavirus will hit profits this year. Here are 6 other companies that have issued similar warnings — and how much they have lost

Several companies have lowered or withdrawn their forward-looking revenue estimates as the coronavirus tears into operations. Microsoft was the most recent to warn investors of the outbreak’s effect on financials, announcing Wednesday its Windows and Surface businesses would see worse-than-expected sales due to supply chain disruption. The announcement drove Microsoft […]
Microsoft saw $62 billion of market value erased after it said coronavirus will hit profits this year. Here are 6 other companies that have issued similar warnings — and how much they have lost