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U.S. stocks closed mixed on January 30, with the Dow Jones Industrial Average rising 0.35%, the S&P 500 Index falling 0.06%, and the Nasdaq Composite Index falling 0.76%.

Large technology stocks were mostly lower, with Netflix falling more than 2%, Google, Amazon and Apple falling more than 1%, and Meta and Microsoft falling slightly. Tesla and Nvidia were slightly higher, with Nvidia setting new closing and intraday highs.

Popular Chinese stocks were mostly lower, with NIO falling more than 5%, Bilibili falling more than 4%, Pinduoduo, JD.com, iQIYI and XPeng falling more than 3%, Baidu and Weibo falling more than 2%, Futu Holdings, NetEase and Alibaba falling more than 1%, and Li Auto, Vipshop and Tencent Music falling slightly.

$62 billion! Microsoft Q4 revenue beats market expectation

Microsoft reported earnings for its fiscal second quarter of 2024 (which is the fourth quarter of 2023 on a calendar year basis) on January 30, 2023. The company beat analyst expectations on both revenue and earnings per share.

Revenue for the quarter was $62.0 billion, compared to the consensus estimate of $61.14 billion. Revenue from the company's intelligent cloud business was $25.88 billion, compared to the estimate of $25.29 billion.

Microsoft's CFO said that artificial intelligence drove Azure revenue growth of 6%. The company also said that it has more than 400 million commercial users of its cloud-based Office suite.

Microsoft's stock closed down 0.28% on Tuesday at $408.59 per share. However, the company's market capitalization reached $3.03 trillion, surpassing Apple to become the most valuable company in the U.S. stock market.

Wall Street analysts are bullish on Microsoft's stock. All 50 analysts have a buy rating on the stock, and the average price target is $443 per share, which implies an 8% upside from the current price.

Google shares down 6% in aftermarket session following Q4 earnings report

Google reported earnings for its fourth quarter of 2023 on January 30, 2023. The company beat analyst expectations on revenue and earnings per share.

Revenue for the quarter was $86.31 billion, compared to the consensus estimate of $85.36 billion. Google's advertising revenue was $65.5 billion, slightly below the estimate of $65.8 billion.

Google's stock fell more than 6% in after-hours trading on Tuesday. Investors were disappointed by the company's advertising revenue.

AMD Q4 revenue slightly higher than expectation

On Tuesday local time (January 30), AMD released its fourth-quarter 2023 earnings report, which showed that AMD’s fourth-quarter revenue was $6.2 billion, beating analysts’ expectations of $6.13 billion; fourth-quarter capital expenditure was $139 million, higher than analysts’ estimate of $120.8 million.

As of the close, AMD was at $172.06, down 3.24%. After-hours, AMD fell more than 2%.