With $2-trillion added since Christmas, the Nasdaq 100 has a shot at beating the market for the 10th time in 11 years. But it may be taking on dot-com-era trappings.
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Alphabet’s first-quarter revenue missed analysts’ estimates, sparking concern that advertisers are shifting some spending to digital rivals. Shares of Google’s parent company fell more than 7% following the results.
Weeks after announcing a comprehensive cloud computing deal with Amazon Web Services, Standard Bank said it has signed a strategic partnership with AWS rival Microsoft.
Some Windows 10 users will be forced to double the amount of space on their PC to install future updates, as Microsoft has increased the amount of storage required to install its newest software.
For technology stocks, the superlatives are endless this year. But rather than take profits and run, investors are flooding the space.
Microsoft’s cloud computing business fuelled quarterly sales and profit that topped analysts’ estimates, boosted by several new deals with large corporate clients.
Microsoft analysts expect strong third quarter results from the company on Wednesday as its cloud computing division continues to see rapid growth.
The Nasdaq 100 closed at a record of 7 680.72 on Wednesday, surpassing its August 2018 peak and extending its year-to-date gain past 21%.
Microsoft has unveiled its first disc-free Xbox which will allow gamers to download, play and store games entirely digitally.
EOH Holdings’ shares continued their strong rally into Tuesday as CEO Stephen van Coller told investors that a new base had been established for the technology services group’s future growth.