microsoft stock

  • Microsoft has ended its metaverse project that was focused on industrial environments, just four months after its formation.
  • The technology giant wants to prioritize shorter-term projects over those that take a long time to generate revenue.
  • Metaverse tokens Internet Computer Protocol (ICP), The Sandbox (SAND) and Axie Infinity (AXS) nosedived amidst market-wide bloodbath.

Microsoft, an American multinational technology firm dashed hopes of metaverse’s utility in industrial projects and disbanded its 100 member unit. A source with direct knowledge of the issue said the technology giant is now focused on projects that can generate revenue in the short-term.

Microsoft disbands metaverse unit, dashes hopes of metaverse token holders

The technology giant recently laid off 100 people from its metaverse unit, since the project’s industrial application seems unviable and could take a long-time to generate revenue.

Since the news broke out, there has been a broad crypto market

MSFT, Johnson&Johnson and More Companies With Reports to be Released shortly

MSFT, Johnson&Johnson and More Companies With Reports to be Released shortly

Walid Koudmani Walid Koudmani 25.01.2022 14:11
While there have been a number of factors impacting the markets in the last few days, investors are now beginning to focus on earnings reports coming from some of the biggest companies in the US after the slight disappointments seen in the past couple of weeks. Today's focus will likely be Microsoft's report, which could shed some light on the performance of the tech giant that has recently been in the news for the substantial acquisition deal made with Activision Blizzard that shook markets last week. While there will also be other major earnings from companies such as Johnson & Johnson as well as General Electric, investors are still trying to adjust to the significant volatility seen in markets recently. As tensions rise in eastern Europe and as many await the key FOMC decision tomorrow, we could be seeing a continuation of said volatility along with widespread uncertainty.    UK public sector borrowing report  The public sector borrowing report showed a slight increase in December on a monthly basis after pulling back slightly in October. While this may not seem like a significant issue for the time being, government spending has been one of the key topics related to the post pandemic recovery since if unchecked, it would add significant pressure on future expenses and limit potential economic growth. As investors await upcoming central bank decisions and as inflation concerns continue to rise, today's report could shift the markets perspective slightly regarding the state of public finances in the UK as it once again begins to show signs of weakness.  
(MSFT) Microsoft and (GOOGL) Alphabet's (Google) Earnings Announcements Due Later Today

(MSFT) Microsoft and (GOOGL) Alphabet's (Google) Earnings Announcements Due Later Today

Rebecca Duthie Rebecca Duthie 26.04.2022 12:22
Summary: Tech stocks Google and Microsoft expected to make their earnings announcements today. China and the lockdowns effect on the overall economy. Will Microsoft be able to weather the current economic storm? The markets took a hit with the prospects of further lockdowns in China and the possible ripple effects that can come from a slowing of China’s economy. The price of Microsoft stocks are up today in anticipation of the company’s earnings announcement due after the market closes today. The markets took a hit with the prospects of further lockdowns in China and the possible ripple effects that can come from a slowing of China’s economy. Read next: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin | FXMAG.COM With the current market already taking hits from the current economic conditions regarding inflation and general uncertainty, the added prospect of a weakening Chinese economy is causing the stock market to be volatile as investor sentiment changes. Microsoft Equity Share Price Read next: (KO) Coca-Cola Earnings Posted Exceeding Expectations, Elon Musk’s Target on Twitter (TWTR) Coming To Life!?  Investors going long on Google in anticipation for this evening's earnings announcements. Investors are waiting with anticipation in light of the earnings announcement due from the CEO of Google later this afternoon. There is a bullish market sentiment on this stock as investors hope that Google will meet market expectations, this market sentiment is driving the price of Google stocks up by more than 3%. Over the past week the price has both risen and fallen for this stock due to the volatility of the current financial markets and again the current situation in China. Investors are interested in how well companies are weathering the current economic storm. Google Equity Share Price Sources: Finance.yahoo.com, barrons.com.
According to Althea Spinozzi, it's clear that inflation remains Fed most significant focus

There doesn't seem to be any reason for decoupling currently, with Bitcoin expected to mirror the price action of major US equities, namely the Nasdaq and S&P 500

M4Markets Analysis M4Markets Analysis 23.01.2023 13:39
FXMAG.COM team asked M4Markets to share their thoughts on the Eurozone inflation and European Central Bank interest rate decision, Bitcoin, Microsoft and Tesla earnings. M4Markets: From the last ECB meeting minutes, there is a stronger contingent looking for higher rates. Headline inflation came down from 10.10% to 9.20%, but that tends to be volatile, so the ECB doesn't pay as much attention to the headline figure as it does to the core. And core expanded from 5.0% to 5.2% year-on-year, so there would be even more reason to hike than the last meeting.  Given the high inflation, the main reason for the ECB not to raise rates as much would be lingering concerns about the impact on the Eurozone economy. As long as the economic indicators are positive and core inflation remains elevated, the ECB will likely be more inclined towards 50 bps or even 75 bps hikes. Note that European rates are still 2.0%, or 200 bps, behind the Fed's.  Bitcoin had given back some of its spectacular gains, but its price its still elevated. What do you expect from the leading crypto in the near future? Crypto has largely been responding to the actions of central banks, as would be expected of a relatively high-risk asset. There doesn't seem to be any reason for decoupling currently, with Bitcoin expected to mirror the price action of major US equities, namely the Nasdaq and S&P 500.  Read next: Bitget analyst about the US GDP: In my opinion, we will see higher GDP than expected 2% - in Q3 and Q4 revisions we’ve seen stronger economic momentum than expected | FXMAG.COM The recent 40% surge in BTC has recovered more than the loss suffered in the aftermath of the FTX scandal and could continue to follow the general risk-on-risk-off trend as the event is now fully dismissed. With the Fed expected to slow hiking and pause in the near future, BTC could get some more backing as the dollar weakens through the winter. Corrections must be expected, though, as we near last summer's high of $25200. Some big names report earnings soon. What do you expect from Microsoft and Tesla? Microsoft has been quite active lately, announcing a deal to invest in ChatGPT and reducing its workforce to cut costs. So there will likely be much attention on additional financial details about how these moves will affect the company. The issue is if there will be an impact on guidance since Microsoft typically provides it for the coming quarter.  Tesla is still all about deliveries, so the main thing would be to see if there has been any change in sales numbers due to the recently announced price cut. And then to see how much that might revise guidance. There has been much anticipation for a potential announcement of another Gigafactory, potentially in Mexico, and if that isn't announced, it could lead to further disappointment.
Astonished by the week ahead? Barclays, NatWest Group and Microsoft earnings are also released shortly

Tech stocks: Microsoft fired 100 employees from the metaverse unit

FXStreet News FXStreet News 10.02.2023 16:19
Microsoft has ended its metaverse project that was focused on industrial environments, just four months after its formation. The technology giant wants to prioritize shorter-term projects over those that take a long time to generate revenue. Metaverse tokens Internet Computer Protocol (ICP), The Sandbox (SAND) and Axie Infinity (AXS) nosedived amidst market-wide bloodbath. Microsoft, an American multinational technology firm dashed hopes of metaverse’s utility in industrial projects and disbanded its 100 member unit. A source with direct knowledge of the issue said the technology giant is now focused on projects that can generate revenue in the short-term. Microsoft disbands metaverse unit, dashes hopes of metaverse token holders The technology giant recently laid off 100 people from its metaverse unit, since the project’s industrial application seems unviable and could take a long-time to generate revenue. Since the news broke out, there has been a broad crypto market sell-off and metaverse tokens Internet Computer Protocol (ICP), The Sandbox (SAND) and Axie Infinity (AXS). Metaverse tokens in the top 10 yielded between 7.5% and 22.4% losses overnight. Metaverse tokens Why metaverse tokens could witness further decline Meta’s earnings report release fueled a rally in metaverse tokens. Since then, several bullish developments in metaverse projects contributed to a bullish narrative. Earlier this week, on February 7, The Sandbox announced an MOU partnership ceremony between TheSandboxGame and the Saudi Arabia Digital Government Authority (DGA). Read next: Tesla Will Increase Output For 2023, Deliveroo Are Planning To Cut Jobs| FXMAG.COM Despite bullish catalysts throughout the week, SAND, MANA and AXS prices have declined overnight with news of Microsoft’s metaverse unit disbandment. The giant first formed its metaverse core team in October, since then the unit engaged in building software interfaces that could be used to drive metaverse-related projects. Metaverse tokens could yield further losses for market participants holding these tokens in the long-term amidst bloodbath in the crypto market.

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