Microsoft (MSFT) expects an $800 million charge from its minority stake in General Motors (GM) now shut down the robotaxi unit. The tech giant made a strategic investment in the robotaxi business to better compete with Alphabet's (GOOG, GOOGL) Google, which owns Waymo. The charge will weigh on the current quarter's earnings report. Morning Brief Hosts Seana Smith and Brad Smith, break down what investors need to know. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan. Read More...
Microsoft (MSFT) expects an $800 million charge from its minority stake in General Motors (GM) now shut down the robotaxi unit. The tech giant made a strategic investment in the robotaxi business to better compete with Alphabet’s (GOOG, GOOGL) Google, which owns Waymo. The charge will weigh on the current quarter’s earnings report. Morning Brief Hosts Seana Smith and Brad Smith, break down what investors need to know.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Naomi Buchanan.
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