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03:20
Major Bank Ratings|Bank of America: AI momentum drives Microsoft’s solid quarterly performance, reiterates “Buy” rating
Glonghui, May 9 – Bank of America Securities released a report stating that AI momentum drove Microsoft’s solid quarterly performance. Key highlights for the quarter include Azure revenue growth surpassing expectations, reaching 39% at constant currency compared to the market expectation of 38.2%; resilience shown in non-AI core business operations, and a significant upward revision of capital expenditure guidance, indicating that AI investment is expected to remain high in the foreseeable future. Overall, total revenue increased by 15% year-on-year, and earnings per share reached $4.27, both above market expectations of 13.3% and $4.04, respectively. In addition, the company disclosed that its annualized AI recurring revenue reached $37 billion, a year-on-year increase of 123%. The bank reiterated its “Buy” rating on Microsoft with a target price maintained at $500.
03:16
The US spot bitcoin ETFs saw a net outflow of $145.64 million yesterday.
Jinse Finance reported that on May 9, according to monitoring by Trader T, the US spot Bitcoin ETF saw a net outflow of 145.64 million USD yesterday.
03:10
India issues its first anti-dumping sunset review final ruling on Chinese phthalic anhydride
Golden Ten Data reported on May 9 that on May 7, 2026, the Ministry of Commerce and Industry of India issued an announcement regarding the first sunset review of anti-dumping measures on phthalic anhydride originating in or imported from China and South Korea. The review resulted in a positive final determination, recommending the continued imposition of anti-dumping duties for a period of five years, as follows: $40.08/ton for Chinese producers, and $140.17/ton for Korean producers. For products imported from Thailand, the first sunset review resulted in a negative determination, and it was not recommended to continue the anti-dumping duties.
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