Microsoft and Google reported strong earnings beats after the bell Tuesday. The results have investors and analysts largely feeling pretty good.
Despite Google reporting an 11% surge in group revenues to nearly $77 billion for the period, and despite beating Street expectations for adjusted EPS, theRelated: Apple to invest more than $1 billion annually in lucrative new area
"For tech earnings, this was a monumental night in terms of digital advertising, but especially in terms of cloud and AI," Ives toldWhere other tech giants, including Google, are fighting a bit of an"uphill battle" when it comes to gaining market share in cloud, Microsoft is"controlling the narrative" around AI.
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