Microsoft Corporation (MSFT)
After hours:
| Previous Close | 423.04 |
| Open | 423.34 |
| Bid | 426.87 x 100 |
| Ask | 444.99 x 100 |
| Day's Range | 419.75 - 427.37 |
| 52 Week Range | 309.45 - 468.35 |
| Volume | |
| Avg. Volume | 19,860,637 |
| Market Cap | 3.174T |
| Beta (5Y Monthly) | 0.90 |
| PE Ratio (TTM) | 36.22 |
| EPS (TTM) | 11.79 |
| Earnings Date | Oct 22, 2024 - Oct 28, 2024 |
| Forward Dividend & Yield | 3.00 (0.70%) |
| Ex-Dividend Date | Aug 15, 2024 |
| 1y Target Est | 451.07 |
- Yahoo Finance Video
AI spending, Microsoft layoffs: Asking for a Trend
On today's episode of Asking for a Trend, Host Josh Lipton breaks down the biggest stories and trends from the trading day. Nvidia's (NVDA) latest earnings highlighted a major issue for the AI trade; despite beating earnings expectations, investors were disappointed as they looked for significant returns on massive capital expenditures (CapEx). RBC Capital Markets Internet Analyst Brad Erickson explains that investors are in a position where they have to put "blind faith" into AI players, knowing that it will pay off in the future. He tells Yahoo Finance, "From my perspective, like we're taking a little bit more of a measured approach, saying, 'Look, $200 billion. Think about what you need to do to maintain operating margins.' Pretty simple math of, like, are we really talking about $300, $400 billion of marginal revenue every single year? Those are big numbers." Microsoft (MSFT) is cutting about 650 employees from its Xbox gaming unit, the latest move in a string of layoffs that have impacted the video game industry. Wedbush Securities Managing Director, Equity Research Michael Pachter points out that in Microsoft's case, these jobs are redundant, stemming from its acquisition of Activision Blizzard last year. As for the broader industry, he said hiring increased during the pandemic when people were at home playing video games. Now, these companies are "right-sizing," though Pachter thinks they may be cutting too many jobs. Yahoo Finance Senior Reporter Alexandra Canal breaks down the biggest takeaways from Thursday's trading session. Meanwhile, Market Domination anchor Julie Hyman reviews data from the Federal Reserve Bank of America which found home ownership affordability sentiments to have fallen to an 18-year low, equal to levels last seen in 2006. Finally, Josh Lipton covers some of the biggest after-hours movers, from Adobe (ADBE) to RH (RH). This post was written by Melanie Riehl
- Yahoo Finance Video
Hyperscalers are going all in on AI: Chart of the day
Chip companies like Nvidia (NVDA) have skyrocketed since the AI spending boom took off, doubling their revenue every quarter. However, Nvidia's latest earnings report, despite topping expectations, disappointed investors looking for returns on the monumental spending. Catalysts Host Madison Mills digs into a Wall Street Journal chart showing the capital expenditures of AI hyperscalers since 2020, and discusses whether investors will see returns on their AI plays in the near future. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
Insider MonkeyBillionaire Stanley Druckenmiller Dumping Microsoft Corp (NASDAQ:MSFT) And Buying Other AI Stocks
We recently published a list of Billionaire Stanley Druckenmiller is Buying and Selling These 10 AI Stocks. Since Microsoft Corp (NASDAQ:MSFT) ranks 1st on the list, it deserves a deeper look. Stanley Druckenmiller is one of the few billionaires who have been bullish on the AI megatrends right from the start. But that doesn’t mean he’d buy […]
