Microsoft’s early lead over Alphabet in Generative AI is paying off. How so? After the two tech giants reported third quarter results Tuesday, Microsoft stock rose 6% while Alphabet shares eased 7% in after-hours trading.
Why the different trajectories of these stocks? Nearly a year after Microsoft launched ChatGPT, the answer is in the cloud. While Microsoft’s Azure revenue grew faster than investors expected, Alphabet’s cloud revenue disappointed, according to CNBC.
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