AI takes center stage as Microsoft and Google earnings signal booming market

Microsoft and Google’s Q2 earnings reports highlight significant revenue and profit increases driven by their investments and advancements in AI technologies.

Big Tech giants Microsoft and Alphabet — the parent company of Google — unveiled their second-quarter earnings reports, showcasing impressive growth fueled by their strategic investments in artificial intelligence (AI). 

The recent earnings reports released on April 25 painted a clear picture that the AI market is still booming and has played a significant role in driving growth while boosting product and financial performance.

Microsoft revealed a 17% increase in revenue, soaring to $61.9 billion, up from $52.9 billion in 2023. Additionally, the company saw a 20% surge in profits, reaching $21.9 billion, in both instances outperforming analysts’ forecasts. 

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