All three took pains to highlight progress on AI. In AMD’s case, the company predicted that its new AI processors will generate even more sales than expected. Microsoft touted how users were embracing its AI assistants, and Google said the technology was improving its search and cloud computing services.
Microsoft Corp, Alphabet Inc’s Google and Advanced Micro Devices Inc — three companies working harder than nearly anyone to weave artificial intelligence into their products — are finding that investor expectations for the technology are hard to meet.
Shares of the tech giants slipped in premarket trading on Wednesday, the morning after they delivered results for the last three months of 2023 and forecasts for the current quarter. Microsoft dropped as much as 2.3% in early trading. Google fell as much as 5.9% and AMD dropped up to 7.3% before markets opened in New York.
