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Microsoft

Microsoft

$MSFT
NASDAQTechnology

558 stories mentioning MicrosoftUpdated 8h ago

Rose with tech stocks in a broad rally; its Xbox studio Compulsion Games is reportedly planning to shut down.

What's the latest news on Microsoft?

Wire

Market Chatter: Anthropic, OpenAI Take Different Positions on Massachusetts AI Safety Bill

Amazon-backed (AMZN) Anthropic is supporting AI-safety language in a Massachusetts Senate bill that would require major artificial intelligence developers to undergo independent evaluations of catastrophic risks from their models, putting the company at odds with Microsoft-backed (MSFT) OpenAI and Alphabet's Google (GOOG, GOOGL), The Information reported Thursday.The proposal, included in a broader economic development bill, would require independent assessments of AI models every four months. A conference committee is working to reconcile the Massachusetts House and Senate versions before determining whether the provision remains in the final legislation, the report said.OpenAI has opposed the Massachusetts provision, urging lawmakers to consider requirements more closely aligned with the Illinois law and warning that differing state rules could create fragmented oversight, according to the report.Google has also raised concerns about additional state testing requirements, citing uncertainty over how model evaluations would be conducted, the report said, citing a person familiar with the company's position.Anthropic, OpenAI and Google did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $257.53, Change: $+2.55, Percent Change: +1.00%

$AMZN$GOOG$GOOGL$MSFT
Insider Trading

Microsoft Insider Sold Shares Worth $43,388,532, According to a Recent SEC Filing

Satya Nadella, Director, Chief Executive Officer, on September 01, 2026, sold 86,525 shares in Microsoft (MSFT) for $43,388,532. Following the Form 4 filing with the SEC, Nadella has control over a total of 918,227 common shares of the company, with 486,763 shares held directly and 431,464 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/789019/000078901926000161/xslF345X05/form4.xml

$MSFT
Adobe Poised for Solid Third Quarter as ARR Seen Topping Views, RBC Says
US Markets

Adobe Poised for Solid Third Quarter as ARR Seen Topping Views, RBC Says

Adobe (ADBE) is expected to report solid fiscal third-quarter results, with its annual recurring revenue likely to exceed Wall Street's estimates, RBC Capital Markets said Wednesday in a client note.The Photoshop maker is scheduled to release its quarterly financials on Sept. 10, with analysts in a FactSet poll looking for ARR of $27.47 billion.RBC expects Adobe to deliver upside to third-quarter ARR consensus estimates.The brokerage is projecting earnings per share of $6.08 on sales of $6.7 billion. The consensus on FactSet is for EPS of $6.07 on an adjusted basis and revenue of $6.69 billion.Amid near-term ARR headwinds, an update on the company's pricing and go-to-market strategy will be in focus when Adobe releases its results, according to RBC analysts, including Matthew Swanson."Recent stock performance has been driven in large part by improving (software-as-a-service) sentiment, as we continue to feel a path to ARR re-acceleration remains the key to company-specific multiple expansion," Swanson wrote.Adobe's share price closed 2.2% lower on Wednesday, and are down 20% this year.While year-to-date stock values of SaaS companies are still down, they have stabilized since the start of July, with Adobe up 36%, according to RBC."We continue to feel that Adobe needs to lean into platform breadth and the differentiation that comes from scale, compliance, governance and interconnectivity to deepen enterprise moats while the (return on investment) proposition of experience cloud is in our view the best path to ARR re-acceleration," Swanson said.The market is also awaiting announcements on new chief executive and chief financial officer, the brokerage said.In March, Adobe announced that Shantanu Narayen would step down as CEO after a successor has been named.CFO Dan Durn resigned in June to take the same role at Marvell Technology (MRVL), with Steve Day, CFO of Adobe's customer experience orchestration unit, stepping in as interim finance chief.RBC reiterated its outperform rating on Adobe's shares and raised the price target to $315 from $285.Some of Adobe's competitors in the broader enterprise software space have announced their quarterly financials, with Microsoft's (MSFT) fiscal fourth-quarter results topping the Street's expectations late in July. Salesforce (CRM) increased its full-year revenue guidance toward the end of August after the customer relationship management platform delivered a fiscal second-quarter beat.Price: $280.69, Change: $-5.39, Percent Change: -1.88%

$ADBE$CRM$MRVL$MSFT
Sectors

Sector Update: Tech Stocks Mixed Late Afternoon

Tech stocks were mixed late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 0.8%.The Philadelphia Semiconductor index rose 0.4%.In corporate news, Palo Alto Networks (PANW) shares fell 10% after the cybersecurity firm's fiscal Q4 adjusted gross margin declined year over year.A judge in federal district court in Virginia on Wednesday rejected the United States' proposed structural remedies that would require Alphabet's (GOOGL) Google to sell AdX, its advertising exchange, according to court documents. Alphabet shares were up 0.8%.Dell (DELL) shares jumped 15% after it reported higher fiscal Q2 non-GAAP adjusted earnings and revenue, and raised its fiscal 2027 guidance.Microsoft-backed (MSFT) OpenAI was hit with multiple lawsuits Wednesday alleging that the AI company could have done more to help prevent a school shooting earlier this year in Canada by informing law enforcement of the suspected killer's activity on ChatGPT, according to media reports. Microsoft shares were down 0.8%.

$DELL$GOOGL$MSFT$PANW
Sectors

Sector Update: Tech Stocks Mixed Wednesday Afternoon

Tech stocks were mixed Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 0.3%.The Philadelphia Semiconductor index rose 0.2%.In corporate news, Dell (DELL) shares jumped 9% after it reported higher fiscal Q2 non-GAAP adjusted earnings and revenue, and raised its fiscal 2027 guidance.Nvidia (NVDA) is in late-stage talks to buy AI startup Hugging Face, in a deal that may total about $14 billion, Bloomberg reported. The companies may strike a deal as early as this week that could include a $1 billion retention package for Hugging Face workers, the report said. Nvidia shares rose 3.5%.Microsoft-backed (MSFT) OpenAI was hit with multiple lawsuits Wednesday alleging that the AI company could have done more to help prevent a school shooting earlier this year in Canada by informing law enforcement of the suspected killer's activity on ChatGPT, according to media reports. Microsoft shares were down 1%.

$DELL$MSFT$NVDA
Wire

Update: Microsoft's Edge Remains Exempt From Gatekeeper Designation in European Court Ruling

(Updates with Opera's response in the second last paragraph.)Microsoft's (MSFT) web browser Edge remains exempt from certain European Union rules affecting big tech, according to a court ruling released Wednesday.The General Court rejected Norwegian browser maker Opera's (OPRA) challenge against EU antitrust regulators' decision to exempt Edge from the rules, saying the web browser was not an important gateway for businesses to reach users even though it met the quantitative criteria set out under the Digital Markets Act.Gatekeepers are large digital platforms providing so-called core platform services, such as online search engines, app stores and messenger services. Gatekeepers must comply with certain obligations and prohibitions listed in the Act, according to the EU."The EU Court has ruled on our challenge to the European Commission's decision not to designate Edge as a gatekeeper, upholding the Commission decision and maintaining the status quo. As such, we do not expect our business to be impacted. It is now up to the Commission to keep these issues in focus and reevaluate where appropriate and based on current facts. We will continue to work for better competition, fair access to innovative browser features and cutting-edge AI tools, and a level playing field. We look forward to engaging with the Commission further on these issues," an Opera spokesperson said in an emailed response to.Microsoft did not immediately respond to a request for comment from.Price: $494.65, Change: $-6.37, Percent Change: -1.27%

$MSFT$OPRA
Wire

Update: Market Chatter: OpenAI Hit With Lawsuits Over Alleged Role in Canadian School Shooting

(Updates to include a statement from OpenAI chief strategy officer Jason Kwon in the fourth paragraph.)Microsoft-backed (MSFT) OpenAI was hit with multiple lawsuits Wednesday alleging that the AI company could have done more to help prevent a school shooting earlier this year in Canada by informing law enforcement of the suspected killer's activity on ChatGPT, according to media reports.The new lawsuits were filed in San Francisco federal court by teachers, students and a principal who were present during the February shooting at Tumbler Ridge Secondary School in British Columbia. They follow complaints filed in April by the families of seven victims injured or killed in the incident, the reports said.The new lawsuits make similar claims to the April complaints regarding OpenAI's role. They also alleged that OpenAI's global affairs team overrode its safety team's recommendation to alert law enforcement about the account, the reports said.OpenAI chief strategy officer Jason Kwon confirmed in a Wednesday post on social media platform X that the company is facing litigation related to the incident. Kwon said OpenAI will continue to engage "in good faith" with the legal process.OpenAI did not immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $497.95, Change: $-3.07, Percent Change: -0.61%

$MSFT
Wire

Teradata Integrating Microsoft OneLake Into Autonomous Knowledge Platform

Teradata (TDC) said Wednesday it is integrating Microsoft (MSFT) OneLake into its Autonomous Knowledge Platform, allowing its customers to run Teradata enterprise AI using data stored in OneLake.The integration eliminates the need to move data across analytics platforms, Teradata said.Financial terms of the collaboration were not disclosed.Price: $28.57, Change: $-0.08, Percent Change: -0.30%

$MSFT$TDC
Wire

Microsoft's Fiscal Q4 Reinforces AI Growth Outlook, BofA Says

Microsoft (MSFT) fiscal Q4 results strengthened the case for its artificial intelligence strategy, with faster "Azure growth," rising Microsoft 365 Copilot adoption and stronger visibility into returns on investments, BofA Securities said in a report Tuesday.Azure growth accelerated to 43% from 39% in the prior quarter, while Microsoft guided to 45% growth in fiscal Q1, the firm noted. Paid Microsoft 365 Copilot seats topped 30 million, and remaining performance obligations rose 84% year over year, supporting the view that demand remains strong, the report said.Microsoft's mix of "internal and external" AI models, along with improvements in chips and infrastructure efficiency, should "lower the cost of serving AI workloads" and support margins and returns on invested capital over time, according to the report.BofA reiterated a buy rating on Microsoft and raised its price target to $600 from $500, citing "accelerating cloud growth" and better visibility into investment returns.Price: $503.72, Change: $-3.57, Percent Change: -0.70%

$MSFT
Wire

Amazon, Microsoft Collaborate on AWS-Azure Cloud Connectivity

Amazon (AMZN) is teaming up with Microsoft (MSFT) on a multicloud networking offering that will allow customers to connect Amazon Web Services and Azure, Microsoft said Monday in a blog post.The AWS Interconnect multicloud and Azure Multicloud Interconnect will enable users to establish a private, high-performance connection between the two clouds via a streamlined, cloud-native experience.Azure Multicloud Interconnect is aimed at supporting AI training and inference workloads by providing a high-capacity private connection between the clouds, the tech giant added.Shares of Amazon and Microsoft were down nearly 3% and 1%, respectively, in afternoon trading.Price: $259.17, Change: $-7.26, Percent Change: -2.73%

$AMZN$MSFT
Sectors

Sector Update: Tech Stocks Edge Lower Monday Afternoon

Tech stocks were slightly lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) and the State Street SPDR S&P Semiconductor ETF (XSD) fractionally lower.The Philadelphia Semiconductor index increased 0.1%.In corporate news, Nvidia (NVDA) expanded its partnership with chip designer MediaTek, including a $3.5 billion investment, to support adoption of the company's proprietary interconnect technology for custom rack-scale AI chips. Nvidia shares were up 0.8%.Apple (AAPL) executive Phil Schiller stepped down from his role overseeing the App Store and Apple product events, Bloomberg reported. Schiller maintains his Apple Fellow title and will be working on unspecified initiatives, the report said. Apple is shifting responsibility for the App Store to the services division run by executive Eddy Cue, the report said. Apple shares were down 1.9%.Microsoft-backed (MSFT) OpenAI's ChatGPT Ads has reached $1 billion in annualized revenue run rate, the company said Monday. Advertisers can buy ChatGPT ads directly via Ads Manager in India, Europe, the Middle East and North Africa, effective Monday, the company said. Microsoft shares were shedding 0.6%.

$AAPL$MSFT$NVDA
Softline Retailers to Continue Reaping Gains From AI Boom, UBS Says
US Markets

Softline Retailers to Continue Reaping Gains From AI Boom, UBS Says

US softline retailers should continue to benefit from the ongoing artificial intelligence boom, though recent consumer spending trends could weigh on the sector's performance, UBS Securities said Monday.The massive AI infrastructure buildout, which has fueled a rally in the stock market and growth of the world's biggest economy this year, should also help boost consumer demand for softgoods, UBS analysts, including Jay Sole, said in a note to clients.At the same time, softline companies' AI adoption is driving sales growth and making them cost efficient, they said. "We believe we are more bullish than the consensus is in both areas," the analysts wrote.Hyperscalers such as Amazon.com (AMZN), Meta Platforms (META), Microsoft (MSFT), and Alphabet (GOOG, GOOGL) are spending enormous sums to expand their AI infrastructure footprints globally amid growing demand for AI and cloud services.UBS continues to project a low-double-digit percentage growth in earnings per share this year for the "median industry stock" and deems Wall Street's 2026 forecasts to be "generally too low."However, the brokerage remains cautious on the sector given what appears to be muted consumer spending."August survey data show the current US consumer spending environment is similar (month over month) and this dampens our enthusiasm for softline stocks," the analysts said. "We believe the market needs to see the industry's sales growth rate accelerate in order to catalyze near-term stock buying."Last week, a survey by the University of Michigan showed that US consumer sentiment dropped in August amid concerns that inflation will continue to be high for the "foreseeable future." A separate survey by the Conference Board showed that consumer confidence fell this month amid a decline in the expectations index, with a "more pessimistic" outlook for business conditions and the labor market ahead."August survey results show moderate divergence of spending behavior between lower income and higher income consumers," UBS said Monday. "While lower-income consumers still report relatively resilient softgood spending intentions, most measures of financial well-being, confidence, economic optimism, and quality of life are weaker (versus) middle- and higher-income households."Price: $28.72, Change: $-0.13, Percent Change: -0.45%

$AMZN$BIRK$COLM$DDS$GIL$GOOG$GOOGL$KSS$M$META$MSFT$ONON$PLCE$REAL$SFIX
Sectors

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.6%.The Philadelphia Semiconductor Index was down 3.4%.In sector news, the Department of Commerce's Bureau of Industry and Security is working on a slimmed-down replacement plan for the export controls on advanced AI chips that the Biden administration imposed to slow the technological progress of geopolitical rivals, The Information reported. The new rule is expected to close a loophole via which Chinese AI firms can access advanced chips through data centers in other countries, the report said.In corporate news, Marvell Technology (MRVL) shares fell past 9% after the company's stronger-than-expected fiscal Q2 results were overshadowed by investor concerns over the timing of revenue from its deal with Alphabet's (GOOGL, GOOG) Google.Workday (WDAY) raised the low end of its full-year subscription revenue outlook after the finance and human resources solutions provider recorded fiscal Q2 results above Wall Street's estimates. Its shares climbed past 6%.Amazon.com (AMZN) has signed a power purchase agreement in Germany and invested in four Swedish wind energy projects, the company said Friday. Amazon said it agreed to buy 600 megawatts of electricity from the planned Gennaker offshore wind farm in the Baltic Sea. Amazon shares rose 3.9%.Microsoft (MSFT) workers have raised concerns about the impact of its AI data centers on energy use, water consumption, emissions, and local communities, Bloomberg reported, citing Development Chief Noelle Walsh's memo to employees. Microsoft shares were up 1.7%.

$AMZN$MRVL$MSFT$WDAY
Sectors

Sector Update: Tech

Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.6%.The Philadelphia Semiconductor index was down 3.4%.In corporate news, Microsoft (MSFT) workers have raised concerns about the impact of its AI data centers on energy use, water consumption, emissions, and local communities, Bloomberg reported, citing Development Chief Noelle Walsh's memo to employees. Microsoft shares were up 1.7%.

$MSFT
Wire

Market Chatter: Microsoft Workers Raise Concerns Over AI Data Center Impact

Microsoft (MSFT) workers have raised concerns about the impact of its artificial intelligence data centers on energy use, water consumption, emissions, and local communities, Bloomberg News reported Friday, citing Development Chief Noelle Walsh's memo to employees.Walsh acknowledged that AI growth is making it harder to meet emissions goals, but pointed to more energy-efficient hardware, lower water usage, and the company's plans to add up to 40 gigawatts of renewable energy, the report said.She added that over 90% of decommissioned data center hardware is reused or recycled, according to the report.Microsoft didn't immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $516.65, Change: $+11.59, Percent Change: +2.29%

$MSFT
Wire

Market Chatter: SpaceX's Musk, OpenAI's Altman Among Speakers at G20 Tech Meeting

SpaceX (SPCX) Chief Executive Elon Musk and former White House AI czar David Sacks are scheduled to speak at a tech-focused G20 ministerial meeting in North Carolina next week alongside Nvidia (NVDA) CEO Jensen Huang and Microsoft-backed (MSFT) OpenAI CEO Sam Altman, Bloomberg reported Thursday, citing people familiar with the matter.Musk, Sacks and Meta Platforms (META) President Dina Powell McCormick are expected to participate virtually on Sept. 1, while Altman and Huang are set to join the event on its second day, according to the report.The meeting will focus on the proposed non-binding Carolina Principles framework, which advocates a lighter-touch government approach to emerging technologies, including AI, Bloomberg added.SpaceX, Nvidia, Microsoft and Meta Platforms did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $138.96, Change: $-0.67, Percent Change: -0.48%

$META$MSFT$NVDA$SPCX$TSLA
Wire

Top Midday Stories: Meta to Pay Up to $16.68 Billion to Settle Teen Harm Case With States; Victory Capital to Buy First Eagle for $7 Billion

All three major US stock indexes were down slightly in late-morning trading Wednesday, as market participants took in the latest inflation data and prepared for Nvidia (NVDA) to release its earnings results after markets close.The personal consumption expenditures index, a measure of inflation, rose by 0.2% in July, faster than the 0.1% gain expected in a survey conducted by Bloomberg as of 6:10 am ET and following a 0.1% drop in June. The July figure keeps the year-over-year rate at 3.7%. The core PCE index, which excludes food and energy prices, increased by 0.2%, as expected and following a 0.1% gain in June. The year-over-year rate remained at 3.3% in the month.Separately, US gross domestic product rose by 1.5% in Q2, unrevised from the advance estimate released last month and matching the consensus estimate from a Bloomberg survey as of 6:10 am ET.In company news, Meta Platforms (META) has agreed to pay a maximum of $16.68 billion to resolve claims brought by several US states that the tech giant used its platforms to "ensnare" youth and teens, according to a Wednesday filing in federal court. The consent agreement's injunctive relief also requires Meta to take several steps to regulate children's usage of its social media platforms, including daily limits and nighttime blocks. In a separate release, Meta said the agreement includes a payment of about $18 billion to be distributed in annual installments over a 10-year period. Plaintiff states will receive about $12.7 billion over the decade, while the remaining roughly 30%, or $5.3 billion, will be released if Alphabet's (GOOG, GOOGL) YouTube and TikTok "implement a one-hour Daily Limit, Night Mode, and Age assurance measures," and they each pay an amount equal to the 30% figure. Meta shares were up 2.1% around midday. Alphabet's Class C and Class A shares were down 1.1% and 1.2%, respectively.Victory Capital (VCTR) signed a definitive agreement to acquire First Eagle Investments from Genstar Capital and First Eagle employees for about $7 billion, Victory said Wednesday. Victory will pay about $4.4 billion in cash, $2 billion in newly issued shares and will assume $575 million of First Eagle's existing 7.25% senior secured notes due 2032, the company said. The deal is expected to close in Q1 2027, at which point Genstar will own a 14.6% stake in Victory, the company said. Victory Capital shares were up 6.3%.Intuit (INTU) reported fiscal Q4 adjusted earnings late Tuesday of $4.03 per diluted share, up from $2.75 a year earlier and above the FactSet consensus of $3.58. Fiscal Q4 revenue was $4.35 billion, up from $3.83 billion a year ago and above the FactSet consensus of $4.27 billion. For fiscal Q1, the company expects adjusted EPS of $2.44 to $2.48 on revenue of $4.29 billion to $4.31 billion. Analysts polled by FactSet expect $4.04 and $4.35 billion, respectively. For fiscal 2027, Intuit expects adjusted EPS of $22.88 to $23.12 on revenue of $23.28 billion to $23.51 billion. Analysts expect $27.34 and $23.70 billion, respectively. The company raised its quarterly dividend to $1.38 per share from $1.20, payable on Oct. 16. Intuit shares were down 4.5%.Boston Scientific (BSX) identified a cybersecurity incident that affected some of its IT systems and led to global disruptions in operations, the company said Wednesday in a regulatory filing. Boston Scientific shares were down 4.7%.Amazon (AMZN), Microsoft (MSFT) and Alphabet's Google are in talks with Chinese AI startup Moonshot AI over revenue-sharing deals for hosting Moonshot's Kimi K3 model, Reuters reported Wednesday, citing sources familiar with the matter. Separately, Amazon plans to expand fulfillment capacity, same-day delivery and its logistics network in Canada despite escalating trade tensions between the US and Canada, Business Insider reported Wednesday, citing internal company documents. Lastly, Amazon's AWS unit is acquiring DuckLabs, the Amsterdam-based company behind the open-source analytical database DuckDB, for an undisclosed sum, Amazon said. The deal is expected to close shortly, Amazon said. Shares of Amazon were down 0.6%, and Microsoft was up 0.7%.Price: $582.24, Change: $+12.19, Percent Change: +2.14%

$AMZN$BSX$GOOG$GOOGL$INTU$META$MSFT$NVDA$VCTR
Zoom Communications Third-Quarter Earnings Outlook Misses Street Views; Shares Down Pre-Bell
US Markets

Zoom Communications Third-Quarter Earnings Outlook Misses Street Views; Shares Down Pre-Bell

Zoom Communications (ZM) shares fell early Wednesday as the video communication platform provided a downbeat earnings outlook for its fiscal third quarter following a second-quarter beat.The company expects adjusted earnings between $1.46 and $1.48 a share for the ongoing quarter, it said late Tuesday. Analysts polled by FactSet are looking for $1.49. Zoom pegs third-quarter revenue at $1.275 billion to $1.280 billion, compared with Wall Street's $1.28 billion views.The company's shares were down 6.5% in premarket activity Wednesday. The stock has jumped nearly 17% so far this year.For the quarter ended July, adjusted EPS increased to $1.55 from $1.53 a year earlier, defying Wall Street's views for a decline to $1.48."The EPS growth reflects strong top-line performance, as well as anti-dilution driven by our buyback program and disciplined stock compensation management," Zoom Chief Financial Officer Michelle Chang said on an earnings conference call late Tuesday, according to a FactSet transcript.Second-quarter revenue advanced 4.9% year over year to $1.28 billion, just ahead of the market's forecast for $1.27 billion.Enterprise revenue increased 7.8% to $787.5 million, representing its strongest growth rate in three years, Zoom Chief Executive Eric Yuan said in an earnings release. The number of customers contributing more than $100,000 in trailing 12 months revenue rose 8.2% annually in the quarter. Online revenue nudged 0.6% higher to $489.7 million."We are pleased with our progress in (artificial intelligence) monetization led by customer experience and early momentum across new AI revenue streams," Chang said on the call. "We remain on track to surpass $5 billion in revenue this year, while maintaining our focus on profitability."For fiscal 2027, Zoom now expects adjusted EPS of $6.08 to $6.12 on revenue of $5.085 billion to $5.095 billion. The company previously projected adjusted EPS of $5.96 to $6 on sales of $5.08 billion to $5.09 billion. The Street is looking for non-GAAP EPS of $6.08 and sales of $5.09 billion.The upgraded revenue outlook assumes enterprise sales growing faster than anticipated, partially offset by "flat" online growth, Chang told analysts."We believe the quarter was decent, but would note the online headwind from AI-driven discovery shifts is worth monitoring," RBC Capital Markets said in note to clients Wednesday.Last month, technology giant Microsoft (MSFT) reported fiscal fourth-quarter results above the Street's expectations, with sales in the productivity and business processes segment -- which includes Microsoft Teams -- up 14% year over year.

$MSFT$ZM
Wire

Market Chatter: OpenAI Data Center Head Chris Malone Leaves Company

OpenAI's head of data centers Chris Malone left the company last week as the AI firm prepares for a potential IPO and expands its computing capacity, The Wall Street Journal reported Tuesday, citing people familiar with the matter.Malone joined OpenAI in March 2025 after the company announced Stargate, its data-center initiative with Oracle and SoftBank. OpenAI has since shifted toward cloud-provider deals while reviving some internal data-center efforts through leased facilities, WSJ said.His departure follows recent exits by Chief Revenue Officer Denise Dresser, Chief Operating Officer Brad Lightcap and Fidji Simo, according to the report.OpenAI is also increasing its projected computing spending to about $750 billion through 2030, WSJ reported.OpenAI did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $490.97, Change: $+3.66, Percent Change: +0.75%

$MSFT
Marvell Quarterly Results Poised for Upside Led by AI, Customer Wins, Oppenheimer Says
US Markets

Marvell Quarterly Results Poised for Upside Led by AI, Customer Wins, Oppenheimer Says

Marvell Technology (MRVL) could top expectations for its fiscal second-quarter results and provide an upbeat outlook amid artificial intelligence strength and growing customer wins, Oppenheimer said in a note e-mailed Friday.The chip designer is scheduled to report second-quarter results Thursday. Oppenheimer expects earnings of $0.94 a share on revenue of about $2.73 billion for the quarter. Analysts polled by FactSet are looking for $0.93 and $2.71 billion, respectively."We see upside to (second-quarter) results and (third-quarter) outlook led by AI as (cloud service provider data center) builds scale and (Marvell) wins ramp," Oppenheimer analysts Rick Schafer and Trevor Bowers said in a note to clients.The company's data center business is expected to see double-digit percentage growth both sequentially and annually in the quarter amid "tight" supply, the analysts said.Earlier this week, Marvell entered into a deal that would allow Alphabet's (GOOG, GOOGL) Google to purchase up to $12.18 billion of Marvell shares as part of a collaboration.Oppenheimer expects cloud service provider capital expenditures at roughly $750 billion in 2026 and $1 trillion next year, providing "robust order visibility" for Marvell and other key infrastructure providers."Over 20 custom (application-specific integrated circuit) plus offload wins validate (management's) expectation for custom AI ASIC sales to double next year before exceeding $10 (billion) in (2028)," the analysts said.Oppenheimer projects Marvell's revenue at $11.77 billion in fiscal 2027 and $16.81 billion next year, as well as a path to $11 to $12 earnings per share in 2028, according to the note.The brokerage raised its price target on the Marvell stock to $300 from $250 while reiterating its outperform rating, saying it continues to be a "long-term" buyer.The company's shares were down 5.4% in Friday late-afternoon trade. So far in 2026, the stock has surged 179%.Earlier this week, UBS Securities raised its estimates on Marvell ahead of its fiscal second-quarter results, citing accelerating AI spending by major hyperscalers, strong demand for optical and networking products, and momentum in its custom chip programs with Microsoft (MSFT) and Google.Price: $237.22, Change: $-13.79, Percent Change: -5.49%

$GOOG$GOOGL$MRVL$MSFT

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