Microsoft Misses Q2 Expectations Despite 15% Increase in Revenue
4 months ago
Microsoft’s cloud and AI services division fell below analysts’ expectations despite reporting $64.7 billion in Q2 revenue, a 15% year-over-year increase. Shares dropped over 3% post-trading. Azure's 29% growth lagged market predictions. Nvidia benefits from generative AI models like ChatGPT. Microsoft invested billions in OpenAI and over $15 billion in AI globally. The personal computer division saw a 14% revenue rise, while device sales fell.