(Bloomberg) — Microsoft Corp., Alphabet Inc.’s Google, and Advanced Micro Devices Inc. are facing challenges in meeting investor expectations for artificial intelligence integration into their products. The tech giants’ shares slipped in late trading Tuesday after reporting results for the last three months of 2023 and forecasts for the current quarter. Despite highlighting progress on AI, investors were not satisfied with the updates. The companies had seen their shares bid up to record highs in recent weeks, with hopes of a quick AI-fueled bonanza. However, the results presented on Tuesday did not meet those expectations.
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Published on 2024-01-30 21:02:41