Caroline Hyde

It had blowout orders.

But see many people questioning perhaps where they can keep on building momentum, selling chip equipment to those chip makers such as TSMC, Intel here in the United States.

Intel, as I say, up 10%.

Keep an eye on how the moon music has changed around AI or whether there's a bubble or not.

Ed, it's all about these earnings right now.

It is, and big tech earnings are well and truly upon us, and that includes ServiceNow.

Bloomberg Intelligence says investors will want to hear about the pending acquisition of cybersecurity startup Armis, along with new AI sales and a lot more.

Bloomberg's Brody Ford, who covers the software space, is here with us.

Generally, right now, the IT spending environment isn't great.

What is the kind of read-through and expectation from the street on how ServiceNow will talk about that, right, and how it will show up in their own numbers?

I mean, you just have to look back to how their shares have deeply underperformed.

Last year, they were off by basically almost 30%.

When you flip into what we might hear from IBM, it has actually outperformed software names.

But their consultancy side of the business is maybe the one that you get the AI part of the equation coming in.

Don't even get them started on quantum, Brody.

We've got a lot to digest after the bell.

Thanks to you, we appreciate it, Brody Ford.

Another stock we're overwatching is Microsoft.

Investors are paying close attention to its cloud computing service, Azure, and the impact of AI, generative AI.

Alex Zukin, he's a Wolf Research Analyst, expects the platform's growth to exceed guidance at 39%, writing, we believe that open AI training revenue