Microsoft Stock Slumps as Azure 'Execution Issues' Make Analysts Wary
Microsoft shares tumbled Thursday after the company’s weaker-than-expected fiscal second-quarter cloud growth prompted some analysts to be more cautious about the stock.
Microsoft shares tumbled Thursday after the company’s weaker-than-expected fiscal second-quarter cloud growth prompted some analysts to be more cautious about the stock.
Retail investors poured one out of every three dollars of their investments into Nvidia shares in the first days of this week when the AI chipmaker suffered a record one-day loss in market value, according to market tracking firm Vanda. It also reported retail investors were eager purchasers of Tesla, Broadcom and Apple. "This buy-the-dip opportunity is proving to be too attractive for individual investors to pass up on," said the VandaTrack report's authors, Marco Iachini, the firm's senior vice president, and Lucas Mantle, vice president.
Investors are combing the first batch of Big Tech earnings as they wait for Apple to report.
Apple reported its Q1 2025 earnings after the bell Thursday, beating on expectations, but falling short on iPhone sales.
A tumultuous week rounds off with investors in Asia taking their cue from more U.S. 'Big Tech' earnings, digesting Fed Chair Jerome Powell's guidance from earlier in the week, but bracing for U.S. tariff-related volatility. The global macro backdrop is broadly supportive, after the European Central Bank's rate cut and indication of more to come, the Bank of Canada's cut earlier this week, and expectations the Bank of England will ease next week. But just before the Wall Street close on Thursday President Donald Trump said the U.S. could slap 25% tariffs on Mexico and Canada.
Vocational education company Adtalem Global Education (NYSE:ATGE) announced better-than-expected revenue in Q4 CY2024, with sales up 13.9% year on year to $447.7 million. The company’s full-year revenue guidance of $1.75 billion at the midpoint came in 1.5% above analysts’ estimates. Its non-GAAP profit of $1.81 per share was 32.1% above analysts’ consensus estimates.
Clothing and footwear retailer Boot Barn (NYSE:BOOT) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 16.9% year on year to $608.2 million. The company expects next quarter’s revenue to be around $455.5 million, close to analysts’ estimates. Its GAAP profit of $2.43 per share was 0.8% above analysts’ consensus estimates.
Footwear and apparel conglomerate Deckers (NYSE:DECK) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 17.1% year on year to $1.83 billion. On the other hand, the company’s full-year revenue guidance of $4.9 billion at the midpoint came in 0.7% below analysts’ estimates. Its GAAP profit of $3 per share was 14.9% above analysts’ consensus estimates.
Computer processor maker Intel (NASDAQ:INTC) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 7.4% year on year to $14.26 billion. On the other hand, next quarter’s revenue guidance of $12.2 billion was less impressive, coming in 5.4% below analysts’ estimates. Its non-GAAP profit of $0.13 per share was 8.7% above analysts’ consensus estimates.
Retail investors bought a net $562 million of Nvidia stock on Monday, the largest single-day inflow in at least 10 years, VandaTrack said.