Microsoft's earnings report declined, and the market tested key support. Where did the July close go? Langjian Trading Co., Ltd.

Welcome to Langjian Trading Co., Ltd. Today, two major technology companies released financial reports after the market:

Microsoft announced financial results for the fourth fiscal quarter, exceeding expectations of $2.95 per share and revenue of $64.7 billion. However, revenue from its cloud business fell slightly short of expectations, causing the stock price to drop by more than 7% in after-hours trading. Microsoft's smart cloud division generated revenue of $28.5 billion, lower than the forecast of $28.7 billion. Despite this, overall revenue increased 21% year over year, and smart cloud revenue increased 19%. Among them, AI services contributed 8 percentage points to the increase in revenue from cloud services such as Azure. Shares of other AI-related companies, such as Meta, have also declined due to Microsoft's earnings report. Analysts pointed out that Microsoft continues to grab shares from Google and Amazon in the cloud market.

AMD announced its second-quarter earnings report, which exceeded market expectations. The company reported adjusted earnings of $0.69 per share and revenue of $5.8 billion, exceeding expectations of $0.68 and $5.7 billion, respectively. Data center revenue reached $2.8 billion, up 115% year over year, thanks to GPU and CPU sales driven by AI demand. Despite the decline in revenue from the gaming business, the PC chip division performed strongly, reaching $1.5 billion in revenue. CEO Su Zifeng said that the growth of the AI business will continue to drive revenue growth throughout the year. AMD shares rose 5% after the earnings report was released.

After Microsoft's earnings report, the general market continued its downward trend during the day and continued to decline after the market. However, with AMD's impressive earnings report, people seemed to have regained confidence in the subsequent growth of the AI business, and the market then declined to an increase.

In today's video, we discussed the next key positions of Microsoft and the market, so let's take a look: