MICROSOFT META EARNINGS BOOST
The 2006 Zuckerberg quote at the center of Meta's antitrust trial
The FTC's antitrust trial against Meta challenges its dominance by questioning whether social networking is about personal connections or broader digital engagement. At issue are Meta’s acquisitions of Instagram and WhatsApp, which the government argues stifled competition. The case hinges on defining the market and could reshape antitrust enforcement in the digital era. A breakup is possible.
Alphabet shares take $120 billion blow as search warnings blare
Google parent Alphabet Inc. faces growing investor concerns as Apple explores AI integration in its Safari browser, potentially impacting the internet major's lucrative search engine deal. A drop in Safari searches fuels fears that rivals like OpenAI are eroding Google's market share, causing a significant stock selloff.
OpenAI CEO Sam Altman and other US tech leaders testify to Congress on AI competition with China
OpenAI CEO Sam Altman and tech leaders from Microsoft, AMD, and CoreWeave told US lawmakers that AI could surpass the internet in societal impact, urging unified regulation and major infrastructure investment. They warned that fragmented rules and restrictive trade policies could weaken America's global leadership amid fierce competition, especially from China.
Britain's digital tax on 'Big Tech' not impacted by trade deal
Britain will retain its 2% digital services tax on tech giants like Amazon and Google, despite a new UK-US trade deal. While the tax remains unchanged, both nations aim to ease digital trade barriers, boosting UK firms’ access to the vast US market.
As Google layoffs continue, a look at Big Tech job cuts in 2025
Per layoff tracker Trueup, so far in 2025, 284 layoffs have taken place at tech companies, affecting 53,399 employees. Last year, nearly 2.4 lakh tech employees were laid off in 1,115 job cuts in the tech industry. In the first five months of 2025, Google, Microsoft and Meta have fired employees due to unsatisfactory performance, streamlining and other reasons amid rising focus on AI development.
Google layoffs: Around 200 staff cut in global business unit
Google job cuts: Around 200 positions have been reduced in Google's global business unit to boost team collaboration and customer service, amid a broader Big Tech shift toward AI and data centre investment. The move follows earlier layoffs in its platforms division and industry-wide workforce reductions by major tech firms.
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Mark Zuckerberg overtakes Jeff Bezos as world’s second-richest person; Elon Musk still on top
Mark Zuckerberg has overtaken Jeff Bezos to become the world’s second-richest person, behind Elon Musk, according to Bloomberg. A rise in Meta’s share price boosted Zuckerberg’s wealth to $212 billion. The global billionaire count has risen to 3,442 according to the Hurun's list published in March, driven largely by gains in the tech, AI, and cryptocurrency sectors.
$20 billion at risk? Nvidia’s China exposure triggers pre-earnings alarm from Bank of America
Nvidia faces significant revenue losses in China because of US export restrictions. Bank of America predicts a potential annual loss of $15 to $20 billion. Analysts emphasize the need for Nvidia to find new growth avenues. Despite a recent stock dip, experts remain optimistic, citing high demand from tech giants.
Microsoft not to rehire ousted employees for two years, considers departures ‘good attrition’
Microsoft has introduced a two-year rehire ban for staff let go over performance issues, labelling such exits as “good attrition.” The policy signals a tougher stance on underperformance, as the company streamlines roles. Similar moves by Google and Meta reflect a broader tech industry push for leaner, more efficient teams.
Dream Sports, Microsoft join forces to expand gaming footprint in India
Dream Sports and Microsoft have partnered to enhance India's gaming market, leveraging Dream Sports' extensive user base and Microsoft's AI expertise. The collaboration, announced at WAVES 2025, aims to publish Microsoft's gaming titles locally and develop AI-driven gaming experiences tailored for Indian gamers. This initiative taps into India's booming $3.8 billion gaming market, which boasts 600 million gamers.
Huge interest among global firms to collaborate with IICT: Ashwini Vaishnaw at WAVES event
Union Minister Ashwini Vaishnaw announced that global firms are eager to collaborate with the newly established Indian Institute of Creative Technology (IICT) to tap into India's youth's creative potential. Seven leading companies, including JioStar, Google, Adobe, Meta, Apple, NVIDIA, and Microsoft, have already signed Letters of Intent with the IICT.
US stock market predictions today: Market up as Dow Jones gains 170 points, S&P 500 hits 5,604, Nasdaq climbs 1.5% — Why is market rising ahead of the April jobs report and tech earnings boost? Here’s what you should know before the market opens
US stock market predictions today show a strong start as the Dow Jones, S&P 500, and Nasdaq head higher ahead of key April jobs data. With big names like Meta, Microsoft, and Reddit posting solid earnings, tech stocks are leading the rally. Meanwhile, Apple and Amazon face pressure from rising tariffs. Investors are closely watching stock futures, economic signals, and what the labor report might mean for future Fed rate moves.
Microsoft and Meta Platforms lead Wall Street higher
Microsoft rallied 7.6% after the software giant said strength in its cloud computing and artificial intelligence businesses drove its overall revenue up 13% from a year earlier. Meta, the parent company of Facebook and Instagram, also topped analysts' targets for revenue and profit in the latest quarter. It said AI tools helped boost its advertising revenue, and its stock climbed 4.2%.
Why is the stock market rising today? Sensex surges over 900 pts, Nifty above 24,550: 6 key factors behind the rally
Indian markets surged on Friday, fueled by hopes of a US-India trade deal and robust foreign investment inflows. A decline in crude oil prices and a weakening dollar further boosted sentiment. IT stocks rallied following strong earnings from U.S. tech giants, mirroring positive global market cues across Asia and the U.S.
Sam Altman and Satya Nadella show unity Ghibli-style, even as Microsoft flirts with OpenAI rivals
OpenAI CEO Sam Altman shared a Studio Ghibli-style image with Microsoft CEO Satya Nadella, showcasing OpenAI’s new office and recent progress, amid reports of growing tensions between them. Despite speculation of a rift due to diverging AI ambitions and competition, their public exchange remained cordial.
Amazon posts weak cloud revenue, income; shares slide
Amazon reported weaker-than-expected cloud growth, with AWS revenue up 16.9% to $29.27 billion, missing forecasts. Operating income guidance also fell short, disappointing investors. Tariff concerns loom, though retail demand remains stable. Total revenue reached $155.7 billion, while ad sales rose 19%. Second-quarter sales guidance exceeded expectations, offering some reassurance.
Microsoft preparing to host Musk's Grok AI model
Microsoft is set to host Elon Musk’s Grok AI model on its Azure cloud platform, according to The Verge. The move signals a deepening partnership with Musk’s xAI amid tensions with OpenAI. Grok will feature on Azure AI Foundry, though exclusivity and training support remain uncertain at this stage.
Amazon cloud revenue, income forecast disappoint, shares slide
Amazon reported weaker-than-expected cloud growth, with AWS revenue up 16.9% to $29.27 billion, missing forecasts. Operating income guidance also fell short, disappointing investors. Tariff concerns loom, though retail demand remains stable. Total revenue reached $155.7 billion, while ad sales rose 19%. Second-quarter sales guidance exceeded expectations, offering some reassurance.
US stocks close higher, lifted by Microsoft, Meta earnings
U.S. stocks surged, with the Dow and S&P 500 achieving their eighth consecutive session of gains, fueled by robust earnings from Microsoft and Meta, which alleviated concerns regarding AI spending. Microsoft's surge briefly positioned it as the world's most valuable company, while Meta's strong advertising performance boosted its revenue.
GIFT Nifty up 35 points; here's the trading setup for today's session
Domestic markets consolidated for the second day, with the Nifty closing flat at 24,334. Analysts anticipate range-bound trading influenced by Q4 earnings. Technically, support lies at 24,200, while resistance is at 24,550. The India VIX rose, and the rupee surged against the US dollar amid foreign fund inflows.
Wall Street leaps to 1-month highs as Microsoft, Meta surge
Wall Street surged, propelled by robust earnings from Microsoft and Meta, overshadowing economic uncertainties. Microsoft's cloud and AI strength fueled a revenue jump, while Meta's AI-driven ad revenue boosted its stock. Despite positive earnings reports, concerns linger about trade wars, potential recession, and the possibility of stagflation, creating a mixed outlook.
US stock market today: Dow Jones, S&P, Nasdaq up - Here's top gainers, top losers, major stocks, data to consider
US Stock market today rallied as Microsoft and Meta earnings beat expectations, pushing the Nasdaq up over 2.2% and lifting Wall Street spirits. Investors were reassured by both companies’ continued AI spending, even as President Trump’s tariff policy stirred fears across industries. While Apple and Amazon gear up to report next, rising unemployment claims, a dip in manufacturing activity, and Qualcomm’s cautious forecast highlight broader market uncertainty. Still, upbeat Big Tech results and possible progress in US-China trade talks are giving Wall Street hope. Dive into this full story to see what’s really driving the markets right now.
Eternal Q4 earnings: Blinkit losses bite into Zomato’s profits
Zomato parent Eternal reported a drop in its net profit due to increasing losses in Blinkit, even as food delivery growth continued to be subdued. This and more in today’s ETtech Top 5.
Big Tech's fortunes diverge as AI powers cloud, tariffs hit consumer electronics
The fortunes of Big Tech are diverging in a rapidly changing business landscape, as demand for artificial intelligence fuels growth in cloud and digital ads while consumer electronics take a battering from President Donald Trump's global trade war.
Big Tech's fortunes diverge as AI powers cloud, tariffs hit consumer electronics
AI came to the rescue of earnings at Microsoft and Google-parent Alphabet in their March quarter, offering investors hope that their billion-dollar bets on the technology would help them ride out the fallout from sweeping US tariffs. The Trump administration has so far spared electronics from tariffs, but Washington has signaled that some levies could be imposed in the coming weeks.
Meta, Microsoft reports lift AI-related stocks
Following strong earnings reports from Meta and Microsoft, shares in AI and cloud computing companies surged on Wednesday. Microsoft's shares jumped over 6% due to strong Azure cloud growth, while Meta's rose more than 4% as AI-powered tools boosted advertising revenue. Nvidia increased 2.8%, Advanced Micro Devices increased 2%, and Amazon increased 3%.
Meta's strong ad sales dampen tariff-induced fears
Meta Platforms exceeded first-quarter revenue expectations, driven by strong advertising performance, and anticipates similar success in the second quarter. The company is increasing capital expenditures to bolster AI infrastructure, despite economic uncertainties and potential tariff impacts. While some advertisers are reducing spending, Meta's reliable platform positions it to benefit from market instability, though regulatory challenges in Europe loom.
Meta quarterly profit climbs despite big cloud spending
Meta reported a strong quarter with $16.6 billion profit and $42.3 billion revenue, beating expectations. Advertising remained robust despite economic uncertainties. CEO Mark Zuckerberg highlighted progress in AI, including nearly one billion Meta AI users and a new AI assistant app. Meta faces US antitrust scrutiny and rising AI competition.
US stock market today: Futures fluctuate amid big tech earnings and Trump's tariff policies; S&P 500, Dow Jones, Nasdaq updates, and Magnificent Seven stock performance
US stock market today is swinging between gains and losses as investors react to Big Tech earnings and Trump’s latest tariff news. The S&P 500, Dow Jones, and Nasdaq are all feeling the heat, while stocks like Apple, Microsoft, and Amazon—part of the Magnificent Seven—could shift market momentum. With futures wavering and sectors responding differently, traders are staying cautious. This is your one-stop update on top gainers, market trends, and what’s moving Wall Street right now.
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