3 Standout Themes That Emerged From Earnings Season
Earnings season can give investors a glimpse into what's currently driving the market. With the bulk of the second-quarter earnings season in the rearview mirror -- more than 90% of S 500 (SNPINDEX: ^GSPC) companies have already reported as of this writing -- three major themes should be on every investor's radar. Let's look at each.
The first big takeaway is that the hype around artificial intelligence (AI) is not cooling off. Megacap tech companies are still spending huge on this technology with their investments only expected to rise.
's quarter was a great example of this theme with the company seeing strength across its businesses, all driven by AI. Its cloud computing unit, Azure, led the way, but its enterprise software business also saw strong growth as adoption of its Microsoft 365 Copilot apps accelerated. and Amazon's cloud businesses also saw robust growth, and and all three companies said demand outstripped capacity.
Source Fool.com
Microsoft Corp. Stock
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