Microsoft Stock Loses Big Fan After Alphabet's Earnings
Microsoft Stock Takes a Hit After Alphabet's Earnings
Microsoft's stock has lost a significant fan after Alphabet's impressive earnings report. According to a Stifel analyst, Google's cloud growth has blown Wall Street away, making it difficult for Microsoft Azure to accelerate growth in the near future.
Google's Cloud Growth Impresses
Alphabet's earnings report has sent shockwaves through the tech industry, with Google's cloud growth being a major highlight. The company's cloud business has seen significant growth, with revenue increasing by 32% year-over-year. This growth has been driven by the increasing demand for cloud services, particularly in the enterprise sector.
Microsoft Azure Struggles to Keep Up
Microsoft Azure, on the other hand, has struggled to keep up with Google's cloud growth. The company's cloud business has seen slower growth, with revenue increasing by 23% year-over-year. This slower growth has been attributed to the increasing competition in the cloud market, with Amazon Web Services (AWS) being a major competitor.
Analyst Worries About Microsoft's Future
A Stifel analyst has expressed concerns about Microsoft's ability to accelerate growth in the near future. The analyst believes that Microsoft's cloud business will continue to struggle to keep up with Google's growth, making it difficult for the company to meet its revenue targets.
Impact on Microsoft Stock
The news of Alphabet's impressive earnings and Microsoft's struggling cloud business has had a significant impact on Microsoft's stock. The company's stock has lost a significant fan, with investors becoming increasingly concerned about the company's ability to meet its revenue targets.
Conclusion
Microsoft's stock has taken a hit after Alphabet's earnings report, with investors becoming increasingly concerned about the company's ability to meet its revenue targets. The company's struggling cloud business and increasing competition in the market have made it difficult for Microsoft to accelerate growth in the near future.
Sources
[1] Why Microsoft’s stock just lost a big fan in the wake of Alphabet’s earnings