As Microsoft, Meta Slide After Earnings Calls, Jim Cramer Says 'Hyperscalers Are Not Warning About Worsening AI Losses'

Quick Summary:

What Happened: Microsoft Corp (NASDAQ:MSFT) and Meta Platforms Inc.(NASDAQ:META) witnessed their stocks plummet during after-hours on Wednesday after reporting their earnings.

Cramer criticized the lack of rigor in some reports, urging readers to delve into the actual earnings calls and analyses.

He stated, “The Hyperscalers are NOT warning about worsening AI losses, they are talking about crushing it with AI.” He encouraged his followers to ...

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Article Details

Category: Technology

Markets: United States

Topics: News MSFT META Analyst Color Benzinga Markets Artificial intelligence Stories That Matter Pooja Rajkumari Jim Cramer US5949181045 Tech Equities General Hyperscalers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 11:27:57 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 317 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23348250

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