Microsoft’s multi-billion dollar investment in AI is paying off, with CEO Satya Nadella revealing that the AI business is set to surpass a $10 billion annual revenue run rate next quarter. The company has made significant investments in OpenAI and has experienced growth in Cloud revenue, reaching $38.9 billion for the quarter. Despite better-than-expected earnings, Microsoft’s shares fell due to lower predicted cloud revenue growth.
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Why Nvidia Stock Popped 13% in July
Nvidia's shares rose 12.6% in July, driven by advancements in artificial intelligence and a new stock benchmark, as reported by S&P Global Market Intelligence. The company's GB200 Grace Blackwell Superchip is a significant highlight in its ongoing innovation in the semiconductor industry. Want More Context? 🔎
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