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Alphabet's cloud unit revenue surged 63% to $20 billion, exceeding estimates and driven by strong enterprise spending on AI infrastructure. The company's overall revenue also beat expectations, with its cloud backlog nearly doubling. This performance highlights Alphabet's significant gains in the competitive AI market, bolstered by its Gemini models and a key partnership with Apple.
Microsoft's cloud revenue saw a jump in the March quarter. Spending on infrastructure was lower than anticipated. This performance aims to reassure investors about the company's significant artificial intelligence investments. Microsoft is expanding its AI offerings, including partnerships, to maintain its competitive edge in the cloud market. This comes as major tech firms invest heavily in AI infrastructure.
Meta Platforms is significantly increasing its capital expenditure forecast to between $125 billion and $145 billion by 2026, doubling down on AI infrastructure investments despite planned layoffs. The Facebook-parent's user base continues to grow, with daily active people reaching 3.56 billion.
Amazon Web Services (AWS) surpassed Wall Street's cloud revenue expectations, driven by increased enterprise spending on AI adoption. Despite strong cloud performance and significant AI partnerships, the company's stock dipped after projecting current-quarter operating income below estimates. Amazon is investing heavily in AI infrastructure, aiming to monetize these expenditures in the coming years.
Wall Street saw mixed trading as investors weighed rising crude prices, the Federal Reserve's decision to hold interest rates steady amid a divided vote, and upcoming earnings from tech giants. Geopolitical tensions in the Middle East fueled oil price spikes, raising inflation concerns. Investors also anticipated earnings reports from Amazon, Alphabet, Meta, and Microsoft.
Federal Reserve Chair Jerome Powell emphasized the critical need for the Fed to operate free from political influence to effectively serve the American people. He congratulated his likely successor, Kevin Warsh, on advancing through the Senate Banking Committee.
Mumbai Indians are struggling at the bottom half of the IPL 2026 points table with just two wins from eight games. MI skipper Hardik Pandya addressed the need to keep the crowd entertained.
Speaking to reporters ahead of a 9/11 memorial event in New York City, Mamdani outlined what he would say if he had a private moment with the monarch: “You know, if I was to speak to the king separately from that, I would probably encourage him to return the Koh-i-Noor diamond.”
King Charles III and Queen Camilla began their New York City visit with a tribute at the 9/11 Memorial, meeting victims’ families and dignitaries. The trip includes charity events, cultural visits, and meetings with leaders during their four-day US tour marking 250 years of American independence.
This Chinese proverb underscores a simple but powerful truth: meaningful change — whether success or failure — is rarely sudden. It is the result of consistent, repeated actions over time.
According to the filing by the United States Department of Justice, Allen used his cellphone at approximately 8:03 p.m. to photograph himself in a mirror inside his hotel room before the attack unfolded.
The Federal Reserve held interest rates steady for the third time, citing global risks like rising energy prices and supply disruptions. Policymakers are balancing inflation concerns with the potential impact of aggressive hikes on economic growth. This pause offers near-term stability for Indian markets, though elevated crude oil prices remain a significant worry.
Former Afghanistan pacer Shapoor Zadran is currently admitted at a New Delhi hospital and is undergoing treatment for Hemophagocytic Lymphohistiocytosis (HLH) - a rare and life-threatening immune disorder.
Jules Hurst, currently performing the duties of comptroller, told lawmakers that “most of that money was for munitions,” though he did not clarify whether the figure includes long-term costs such as rebuilding damaged infrastructure in the Middle East.
Oscar-winning filmmaker Ang Lee reflects on the role of storytelling in shaping human experience, suggesting that without narrative, life risks becoming endless and directionless — much like the infinite digits of Pi.
Content creator Lakhan Arjun Rawat and his wife Neetu Bisht have alleged that a domestic cook spat on utensils and possibly food, sharing CCTV footage from their home. The videos have gone viral, triggering debate over hygiene and trust in household employment.
Emcure Pharmaceuticals saw a significant block deal where BC Investments IV Limited sold 18 lakh shares for Rs 289 crore to Norges Bank. The pharma company, which manufactures APIs and formulations, has shown strong performance with a 67% return in the past 12 months and a 50% YoY growth in net profit.
The conversation comes amid continuing diplomatic activity in West Asia following heightened tensions involving Iran, the United States and Israel. Recent weeks have seen efforts continuing to stabilize the fragile ceasefire situation.
Indian stock markets saw a strong upward trend on Wednesday. The Nifty 50 and Sensex both closed higher, driven by gains in auto, FMCG, and IT sectors. Analysts observed mixed signals with key support and resistance levels identified. US and European markets traded with mixed results ahead of the Federal Reserve meeting.
Ryan Rickelton took just 44 balls to race to his maiden IPL hundred, against Sunrisers Hyderabad at the Wankhede Stadium in Mumbai. He finished at 123 not out off 55 balls, studded with 10 fours and eight sixes.
