(Reuters) -The fortunes of Big Tech are diverging in a rapidly changing business landscape, as demand for artificial intelligence fuels growth in cloud and digital ads while consumer electronics take a battering from President Donald Trump’s global trade war. AI came to the rescue of earnings at Microsoft and Google-parent Alphabet in their March quarter, offering investors hope that their billion-dollar bets on the technology would help them ride out the fallout from sweeping U.S. tariffs.Their upbeat commentary stood in stark contrast to gloomy predictions from companies more exposed to tightening consumer budgets: chipmakers Qualcomm, Samsung Electronics, and Intel warned that economic uncertainty caused by Trump’s attempts to reorder global trade was hurting their businesses.Read More
Big Tech’s fortunes diverge as AI powers cloud, tariffs hit consumer electronics
