WS #13077
Microsoft's Q4 cloud growth and $678B backlog, with OpenAI accounting for ~1/3 of future revenue, drives AI chip demand and lifts semiconductor stocks (AMD, MU, LRCX). Meta shares drop on disappointing guidance and dwindling free cash flow, with price targets lowered by analysts, contrasting with broader tech rally.
Microsoft Azure AI Demand Surge
Microsoft's Q4 cloud growth and $678B backlog, with OpenAI accounting for ~1/3 of future revenue, drives AI chip demand and lifts semiconductor stocks (AMD, MU, LRCX).
Meta shares drop on disappointing guidance and dwindling free cash flow, with price targets lowered by analysts, contrasting with broader tech rally.