Microsoft Corporation (NASDAQ: MSFT) beat analyst estimates for revenue and earnings per share in the third quarter. That was only part of the growth story. The technology giant is also updating its commercial remaining performance obligation, which was up a staggering 99% year-over-year. Microsoft's Remaining Performance ObligationAlthough Microsoft shares have dipped since its third-quarter results, the company has already locked in a significant portion of fu...
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) posted a blockbuster Q1 last week, and the stock responded by closing out its best month since October 2004. That has put Alphabet within $230 billion of Nvidia (NASDAQ: NVDA) for the title of the world's largest company, with prediction market traders now pricing a real chance the crown changes hands by June.
CEO Sundar Pichai told investors the company's edge over rivals is that it "owns the silicon."
Pichai's Full-Stack Pitch
On the April 29 Q1 earnings call, Pichai said, "The fact that we own frontier models and own the silicon really helps us stay ahead of the curve." He added that Alphabet's AI investments are "lighting up every part of the business."
The quarter delivered 22% revenue growth, 63% Google Cloud expansion, and 81% net income growth. Wall Street responded with a string of price target hikes, with Goldman Sachs writing that the AI risk narrative has "almost entirely flipped."
Google Cloud has also started selling its custom Tensor Processing Units to a select group of customers for installation in their own data centers, putting Alphabet directly into Nvidia's hardware lane for the first time.
What Polymarket Is Pricing
Polymarket's most active market on the question, "Largest Company end of June?," has drawn $9.6 million in trading volume. Nvidia is priced at 70% to hold the...
