The Yahoo Finance Live team reports that Microsoft’s stock has surged following strong earnings reports and the company’s outlook for its use of AI.
video transcript
– ok, let’s see. As you can see, Microsoft’s stock was up more than 7% on the day. After reporting better-than-expected earnings results on Tuesday and establishing dominance in this early inning of his Seana, an AI race, the stock continues to climb.
Sheena Smith: Yes, that’s right, Dave. Many investors were also very excited to hear from Satya Nadella on the phone, highlighting the progress Microsoft has made in the AI field with his investment in OpenAI and the progress they have made in deploying GPT. I am really promoting it. We have incorporated some of that technology into our products.
Bing has made some headway on Google, but when it comes to search, Google clearly really owns the market. However, Satya Nadella said the feedback she’s getting from Bing users is positive. So we can probably lead you to believe that trend will continue.
– yes. They said they have gained some market share. But there is no context as to what the market share is. For example, I wish there was a marker to show that he’s exactly 100 million daily active users compared to his quarter ago or earlier on ChatGPT. Now you have a marker.
We’ll see where that growth leads in the next quarter. Looking at Bing/Microsoft advertising revenue, there is still a big gap. It’s still $18 billion a year, but Google is $200 billion a year. There’s a big gap there, but it’s still a factor of 10.
