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        The Cloud Battle Rages On: Tech giants are heading to divergent paths
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        With the market facing a host of headwinds ranging from high interest rates to geopolitical concerns, investors were hoping that the upcomin Show More
        With the market facing a host of headwinds ranging from high interest rates to geopolitical concerns, investors were hoping that the upcoming earnings results from big tech companies would boost sentiment. However, weak guidance from the above companies contributed to the underperformance of major indices this week.

        On October 24, $Alphabet-A (GOOGL.US)$ and $Microsoft (MSFT.US)$ disclosed their Q3 results. Google's revenue and earnings exceeded expectations, but the cloud business underperformed, and shares fell more than 5% after hours; while Microsoft's Azure unexpectedly accelerated surge of 29%, shares jumped nearly 6% after hours.

        The next day, $Meta Platforms (META.US)$ recorded strong subscriber and sales growth and more than doubled its Q3 earnings; but shares then fell nearly 4%, with the sell-off driven by cautious commentary on the ad market as the Middle East conflict escalated.

        On Thursday, $Amazon (AMZN.US)$ reported better-than-expected results, with revenue jumping 13%. AI tools drives a 26% year-over-year jump in ad revenue, on track to challenge the advertising monopoly of Google and Facebook. However, Amazon Web Services' 12% revenue growth lagged behind Microsoft Azure's 29% and Google Cloud's 22%.

        Do you think the big tech companies are still reporting satisfactory earnings this quarter?
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