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MSFT Dumps As CapEx Disappoints, Despite Top- & Bottom-Line Beat
MSFT Dumps As CapEx Disappoints, Despite Top- & Bottom-Line Beat
Heading into the "biggest earnings day ever", MSFT was near the bottom of the Mag7 group, down 22% from its 52-week high, with capacity constraints hampering growth and CapEx concerns weighing down the stock.
Microsoft has guided to roughly $80 billion in AI data center spending this fiscal year, and the Street wants to know if that money is actually getting deployed.
The headline results were solid and prompted initial gains in MSFT after hours as it beat top- and bottom-line:
*MICROSOFT 3Q...
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Jun 3, 2026 / Tyler Durden
IBM Announces Five-Year, $10BN Quantum Investment
IBM Announces Five-Year, $10BN Quantum Investment
IBM is set to invest more than $10 billion in quantum computing over the next five years.
According to the company, the investment will cover R&D, capex, manufacturing scaling, ecosystem partnerships, and M&A; areas that IBM says will help accelerate its quantum roadmap beyond 2029, when it expects to deliver the world's first large-scale, fault-tolerant quantum computer.
The announcement comes two weeks after the US government signed letters of intent with nine quantum computing companies, including IBM. That agreement will see IBM receive $1bn from the Department of...
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Sep 16, 2026 / Dave DeCamp
Speaker Johnson Cancels Thursday House Session, Pushing Hegseth Impeachment Vote Until After Midterms
House Speaker Mike Johnson (R-LA) announced he has canceled a planned House session for Thursday, sending lawmakers for an early seven-week recess and pushing back a vote to impeach US Secretary of War Pete Hegseth until after the midterm elections. Rep. Thomas Massie (R-KY), who introduced the resolution to impeach Hegseth, suspected Johnson might take […]
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Mar 23, 2026 / Kyle Anzalone
Trump Postpones Strikes on Iranian Power Plants, Says US and Iran Engaged in Productive Talks
President Donald Trump said he is delaying strikes on Iranian power plants for five days to allow talks between Washington and Tehran to progress. “I AM PLEASED TO REPORT THAT THE UNITED STATES OF AMERICA, AND THE COUNTRY OF IRAN, HAVE HAD, OVER THE LAST TWO DAYS, VERY GOOD AND PRODUCTIVE CONVERSATIONS REGARDING A COMPLETE […]
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