Microsoft has reported robust quarterly results, with net income climbing to $27.7 billion despite a $3.1 billion drag from its massive investment in ChatGP-maker OpenAI. The software giant's earnings per share rose to $3.

However, Microsoft revealed a major drop in profit due to what it termed was an “equity method investment” in OpenAI Group PBC, resulting in a 41-cents-per-share hit to its earnings and a $3.1 billion drop in its net income. Even so, the company’s bottom line was still healthy at $27.7 billion, up from $24.67 billion in the year-ago quarter.

Live Updates Live Coverage Has Ended Get The Best UnitedHealth Group Live Earnings Coverage Like This Every Quarter Get earnings reminders, our top analysis on UnitedHealth Group, market updates, and brand-new stock recommendations delivered directly to your inbox.

The payments giant raised full-year guidance, instituted a first-ever dividend, and unveiled a ChatGPT partnership to embed shopping inside AI app.

Fintech giant surges in premarket trading following Q3 earnings beat and new e-commerce partnership with OpenAI

Live Updates Live Coverage Updates appear automatically as they are published. Get The Best Microsoft Live Earnings Coverage Like This Every Quarter Get earnings reminders, our top analysis on Microsoft,

PayPal Holdings Inc. raised its full-year earnings guidance and announced a tie-up with OpenAI to embed its digital wallet into ChatGPT, sending its shares soaring in early New York trading.

Advanced Micro Devices has seen a notable increase in its Fair Value Estimate, rising from approximately $214 to $239 per share. Analysts are reevaluating the company’s prospects, and this upward revision reflects mounting optimism propelled by recent AI infrastructure wins and an expanding partnership with OpenAI.