Big Techs fortunes diverge as AI powers cloud, tariffs hit consumer electronics

[ad_1] AI boosts Microsoft and Alphabet earnings amid trade war Consumer electronics face tariff-strains, impacting Apple and Amazon Samsung and Qualcomm warn of growing demand uncertainties Microsoft’s AI-driven Azure growth boosts investor confidence By Aditya Soni and Deborah Mary Sophia May 1 (Reuters) – The fortunes of Big Tech are diverging in a rapidly changing…

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China Says US Tariff Break a ā€˜Small Step’ to Fixing Mistake

[ad_1] China’s government said the US decision to exempt certain consumer electronics from its so-called reciprocal tariffs is a small step toward rectifying its wrongdoings and urged Washington to do more to revoke the levies. President Donald Trump’s administration excluded smartphones, computers and other electronics from the increased import duties on Friday, narrowing the scope…

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