The Tech Giants Boost AI Growth: A Financial Roller Coaster
Main Idea
Financial results from AI-focused tech giants like Microsoft and Meta have influenced market volatility, particularly affecting AI-related crypto assets, while central bank policies add further uncertainty.
Key Points
1. Microsoft's revenue reached $46.7 billion, driven by AI applications, with Azure surpassing $75 billion in annual revenue due to increased data center demand.
2. Meta's revenue rose 22% year-over-year to $47.5 billion, with AI-powered advertising models significantly boosting its platforms and ad revenue.
3. AI-themed digital assets declined by 1.4%, while the CoinDesk 20 index remained stagnant below 4,000, reflecting market volatility.
4. Federal Reserve Chair Jerome Powell's remarks on tariff-induced inflation created investor uncertainty, leading to over $200 million in liquidations and a brief drop in Bitcoin's price below $116,000.
5. Gold prices fell 1.17% to $3,288 due to strong US economic data and expectations of unchanged Federal Reserve interest rates.
Description
AI-focused tech companies shake digital assets and main indices with financial results. Investments in AI drive success in tech giants' cloud and advertising sectors. Continue Reading: The Tech Giants Boost AI Growth: A Financial Roller Coaster The post The Tech Giants Boost AI Growth: A Financial Roller Coaster appeared first on COINTURK NEWS .
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