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Microsoft's CFO, Amy Hood, indicated the company's openness to exploring Ethereum ETFs, particularly those with staking features, after shareholders rejected a Bitcoin treasury proposal. This aligns with Microsoft's investment strategy focused on liquidity, capital preservation, and income generation. Analysts suggest that regulatory changes could pave the way for staking-enabled Ethereum ETFs, enhancing their appeal and competitiveness against Bitcoin ETFs.
Microsoft may explore Ethereum ETFs with staking features, as suggested by VanEck's Matthew Sigel. While the company has rejected a Bitcoin investment proposal, it remains interested in crypto as an asset class, focusing on liquidity and income generation. Currently, US Ethereum ETFs lack staking due to SEC regulatory concerns, but potential changes in leadership could open discussions on this feature.
Microsoft may consider investing in an Ethereum ETF if it meets the company's yield requirements, according to VanEck's Matthew Sigel. This follows CFO Amy Hood's remarks on the company's long-standing engagement with digital assets and ongoing evaluations at the board level. Despite a failed proposal to add Bitcoin as a reserve asset, the company remains open to exploring digital assets that align with its strategic goals.
Jim Cramer advised investors not to panic over conservative guidance following strong earnings, emphasizing that it doesn't always indicate management's concern about the future. He highlighted Microsoft's recent quarter, where despite beating earnings expectations, the stock fell due to lower growth forecasts. Cramer praised CFO Amy Hood's cautious approach, suggesting it often leads to better-than-expected outcomes.
Microsoft's stock fell over 5%, marking its worst day in two years, despite a strong earnings report. The company forecasted revenue between $68.1 billion and $69.1 billion for the current period, below analyst expectations, while its cloud business, Azure, saw a 33% revenue increase. CEO Satya Nadella noted supply chain issues affecting data center infrastructure and anticipated a $1.5 billion income hit from AI investments.
Microsoft's CFO Amy Hood announced a projected $1.5 billion hit to income this quarter due to losses from its significant investment in OpenAI, which totals nearly $14 billion. Despite OpenAI's expected $5 billion loss this year, Microsoft remains committed to the partnership, integrating its models into various products while exploring alternatives for some features. CEO Satya Nadella expressed confidence in the collaboration, emphasizing its mutual benefits.
Microsoft is set to report its Q1 2025 earnings on October 31, 2024, with expectations of $3.11 EPS and $64.48 billion in revenue. Investors will focus on cloud services growth, AI advancements, and gaming performance, following a mixed reception of Q4 results where Azure growth fell short of forecasts.
Amy Hood
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