Janus Henderson's Global Sustainable Equity Fund returned 1.86% in the third quarter of 2026, matching its benchmark and outperforming the IA Global peer group's 0.38%. In its investor letter, the fund highlighted Microsoft Corporation (NASDAQ:MSFT), where revenue rose 18% to $90 billion and Azure growth accelerated to 43% from 39%, with management forecasting around 45%. Copilot reached 30 million seats after adding 10 million in the quarter, and management committed to remaining free cash flow positive through fiscal 2027. The letter said demand for Azure continues to exceed supply. Over one month the stock fell 2.21%, closing at approximately $521.19 on October 29, 2026, with a market cap of about $3.82 trillion, and traded between $349.20 and $551.15 over the past 52 weeks.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
MSFTNVDAcloud computingartificial intelligence
Open a keyword to see other news on the same topic.
Related tickers and likely impact
MSFT
▲ Likely positiveMicrosoft
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/30/2026 | 521.90 |
| Change that session | -1.55% |
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Neoclouds : Goldman Sachs Upgrades CoreWeave . Microsoft Shelves Nscale Project .
- Microsoft reveals Maia 300 AI chip, as it works to reduce dependence on Nvidia, AMD
Microsoft has unveiled the Azure Maia 300 AI chip to reduce its reliance on Nvidia and AMD, to be deployed at multigigawatt scale from next year alongside Maia 200 and Maia 100. Microsoft says Maia 300 offers 40% more tokens per megawatt than leading GPU-based systems, and a 96-chip rack delivers seven times the rack-scale token throughput of Maia 200. Maia 200 already powers workloads including Microsoft 365 Copilot and OpenAI models, with 1.7 times more tokens per watt than other GPU systems. Peers such as Amazon, Google, Meta, OpenAI and Anthropic are also building custom chips to avoid overdependence on Nvidia and AMD. The article notes that Nvidia regularly generates over 50% of its quarterly revenue from hyperscalers, and that for now hyperscalers still need to buy Nvidia's most in-demand chips.
- UBS says AI investment boom remains intact despite growing scrutiny of spending
UBS says AI investment will remain a major driver of global equity returns in 2027, despite investor concerns over infrastructure costs, financing risks and whether tech firms can turn spending into profits. The bank raised its estimates for global AI capital expenditure to $1 trillion in 2026 and $1.4 trillion in 2027, and forecast $1.5 trillion for 2028. Cloud revenue growth at Alphabet, Microsoft and Oracle reached 103%, 48% and 62% respectively in their latest quarters, but UBS warned that financing pressures at specialist cloud providers, known as neoclouds, could cause delays and consolidation, although they account for only about 8% of its capex estimate. For investors in the US and UK, UBS said the AI theme remains attractive but calls for greater selectivity, diversification across the AI value chain and exposure to financially strong companies with pricing power. It favours foundries, computing and power infrastructure, and expects greater volatility as focus shifts from spending commitments to monetisation and returns.
- AI Cloud Stocks Fall as Big Tech Capex Comes in Light: Fastly Sinks 6%, Oracle and Nebius Drop 3%
AI cloud stocks fell as Microsoft and Alphabet reported capital spending below Wall Street expectations: Microsoft reported $45.2 billion against a $50.7 billion consensus, and Alphabet reported $51.36 billion against $55.09 billion. Microsoft CFO Amy Hood said some expected third-party capacity deliveries were delayed, without naming a supplier, but still expects capital spending above $50 billion next quarter and about $170 billion for the calendar year. Because Microsoft buys computing capacity from providers such as Nebius and CoreWeave, the delays raise questions about how quickly their revenue will grow. Fastly (FSLY) fell 6% to $25.43, Oracle (ORCL) dropped 3% to $140.57 and Nebius (NBIS) dropped 3% to $177.56, while CoreWeave was roughly flat at $64. Hood said customer demand continues to exceed available supply.
- Microsoft Weighs 20% Cost Cuts In Azure Vertical Amid Soaring AI Data Center Spending: Report
Microsoft's cloud executives have discussed strategies to cut expenses by at least 20% as major tech firms face mounting pressure to fund AI infrastructure. According to The Information, Girish Bablani, president of the roughly 11,500-person Azure group, asked leaders to draft cost-saving proposals that could include ending contracts with external contractors, though the report did not confirm layoffs. A Microsoft spokesperson disputed that characterization, saying Azure leadership has not directed teams to develop cost-cutting plans. Azure generated USD 101.9 billion in revenue over the 12 months to June, up 40% year over year and about 31% of total annual revenue, with June-quarter revenue rising 43%. Heavy AI data center spending is pressuring cash reserves, while AWS and Oracle have cut staff to protect cash flows and Meta and Anthropic have aggressively recruited Microsoft staff, forcing counteroffers with higher pay.
- Estée Lauder Companies (EL) Partners With Microsoft On AI And Data Tools
Estée Lauder Companies (NYSE: EL) announced a partnership with Microsoft to upgrade cloud, data and AI capabilities across its global operations. The collaboration aims to unify consumer and product data on Microsoft platforms and embed AI into its end-to-end workflows, supporting its Beauty Reimagined strategy with a focus on productivity and personalized consumer experiences. The deal follows first-quarter sales of US$3,715 million, net income of US$233 million and diluted EPS of US$0.64 from continuing operations, while management affirmed a US$0.35 quarterly dividend. Key items to watch include the raised fiscal 2027 net sales growth guidance of 5.0% to 6.5%, AI-driven workflow adoption across 14,000 Copilot users, and the dividend payment on December 15, 2026.
Related markets
Latest news
- AppLovin Is the Worst-Performing Stock in the S&P 500 This Year. Has the Market Overreacted?
AppLovin (APP) shares are down 65% so far in 2026, the worst performance in the S&P 500 as of end-October, as fears that AI could disrupt its adtech business have weighed on the stock. Its fundamentals remain strong: first-half revenue rose 56% year over year to $3.8 billion with a 66% profit margin, and the company forecasts about $2.1 billion in revenue for the current quarter at an 83% adjusted margin. The author argues that the stock's high valuation earlier in the year may have been a major factor behind the decline. At 18 times trailing earnings versus about 24 for the average S&P 500 stock, the author believes the market may have overreacted and that the shares could be worth considering for investors comfortable with risk and volatility.
- Is Amazon Stock a Buy as Cloud Revenue Continues to Surge?
Amazon's third-quarter revenue rose 12% year over year to $201.9 billion, slightly short of the $202.25 billion analyst consensus, and EPS of $1.89 missed the $1.97 estimate due to a large gain a year earlier tied to its Anthropic investment. AWS revenue jumped more than 39% to $46 billion, its fastest growth in nearly five years, while its operating income rose 56% to $17.8 billion. Advertising revenue growth slowed to 12% from 26% in the prior quarter. Trailing 12-month free cash flow was negative $42.4 billion as capex reached $75.9 billion in the quarter, and Amazon plans $220 billion in capex this year. The author considers the stock attractively valued at 23 times 2027 forward earnings estimates, and argues that returns on Amazon's AI investments are showing up in revenue and margins.
- 5 AI Infrastructure Stocks to Buy and Hold Through 2030
The article highlights five companies across different layers of AI infrastructure: Marvell (MRVL), AMD, Forgent Power Solutions (FPS), Oracle (ORCL) and Brookfield (BN). Marvell's data center revenue rose 46% and made up 79% of sales, with the stock trading at about 30 times forward earnings, while AMD's revenue grew 50% and its stock trades at about 42 times forward earnings. Forgent's $3 billion backlog covers more than 90% of expected next-year revenue, and Oracle's remaining performance obligations total $664 billion with its stock at about 14 times forward earnings. Brookfield is planning a $100 billion AI data center campus in Kentucky with NextEra Energy. The author says he spreads his AI investments across these different parts of the build-out to reduce the risk that hyperscaler AI spending slows.
- Microsoft Copilot AI Predicts a Pudgy Penguins (PENGU) Explosion
The article presents a Microsoft Copilot AI forecast for Pudgy Penguins (PENGU) under an extreme and unlikely scenario in which the project signs a multi-year partnership with a major global entertainment and consumer brand, turning the PENGU token into a mainstream consumer brand. Technically, the token has been consolidating in the $0.0069–$0.0072 range, with resistance at $0.008–$0.009 and support at $0.0070–$0.0072 and $0.0060–$0.0065. In a speculative case assuming a full crypto bull market returns, PENGU could reach $0.45–$0.85, with a stretch target above $1.50 by January 1, 2027. The article stresses that this is pure speculation rather than a realistic base case.
- Morgan Stanley Just Took a Chainsaw to Coinbase
Morgan Stanley downgraded Coinbase (COIN) to Underweight and sharply cut its earnings forecasts. The bank warned that rising competition and weaker operating performance could leave the crypto exchange struggling to grow.
- Attorney Mark Lanier Calls for Social Media Companies to Make Meaningful Changes in Wake of Meta, Snap Settlements
Attorney Mark Lanier of The Lanier Law Firm is urging social media companies to make lasting changes after Meta and Snap reached settlements ahead of the second bellwether trial over alleged addictive design and mental health harm to young users. He argues that a permanent fix with real design changes is needed to protect children, and that trials will continue until then. The settlement terms were not disclosed, and the companies still face more than 1,600 claims from families and school districts. The next bellwether trials are set for March 2027 before Judge Carolyn B. Kuhl in Los Angeles County Superior Court. The first trial ended in March with a $6 million verdict against Meta and Google's YouTube, with plaintiffs framing platform design features, not user content, as defective products.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.