Chris Miller / Financial Times:
The CHIPS Act has been surprisingly successful so far, giving the US greater scope to meet critical infrastructure needs in the event of a crisis in East Asia  —  More than halfway through its incentives spending, the US will have far greater scope to manage shocks

Tom Warren / The Verge:
Microsoft Q3: Windows OEM revenue up 11% YoY, devices revenue down 17% YoY, overall gaming revenue up 51% YoY, and Xbox content and services revenue up 62% YoY  —  Microsoft just posted the third quarter of its 2024 fiscal financial results.  The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3.

Akash Sriram / Reuters:
Alphabet announces its first-ever dividend and authorizes the repurchase of up to an additional $70B of its Class A and Class C shares  —  Alphabet (GOOGL.O) announced its first-ever dividend of 20 cents per share on Thursday, returning capital when the Google parent is spending billions …

Todd Spangler / Variety:
YouTube’s Q1 ad revenue climbs 21% YoY to $8.1B, vs. $7.72B estimated, its highest Q1 total to date  —  YouTube keeps eating up more share of the advertising pie: The Google-owned video giant posted $8.1 billion in ad sales for the first quarter of 2024, its highest Q1 total to date.

Jordan Novet / CNBC:
Microsoft reports Q4 Intelligent Cloud revenue up 21% YoY to $26.71B, vs. $26.26B est., with Azure and other cloud services revenue up 31% YoY  —  WATCH NOW  —  Microsoft beats on top and bottom line, Azure continues to accelerate  —  Microsoft shares rose 5% in extended trading on Thursday …

Kif Leswing / CNBC:
Intel reports Q1 revenue up 9% YoY to $12.72B, vs. $12.78B est., Data Center and AI up 5% to $3B, and Q2 revenue guidance below est.; INTC falls 9%+ after hours  —  Intel CEO Pat Gelsinger, holding the “Gaudi 3” AI chip, speaks during the 54th Annual Meeting of The Semafor 2024 World Economy Summit in Washington, DC, on April 17, 2024.

Jennifer Maas / Variety:
Roku reports Q1 revenue up 19% YoY to $882M, vs. $848.62M est., a net loss of $50.9M, compared to $193.6M YoY, and 81.6M active accounts, up 1.6M from Q4 2023  —  Roku reported its first-quarter 2024 earnings Thursday, revealing the company reached 81.6 million active accounts …

Scott Farquhar / Work Life:
Atlassian’s co-CEO Scott Farquhar plans to step down on August 31, 2024, after 23 years at the company; he will remain a board member and a special advisor  —  Sharing a note I sent to our Atlassian employees earlier today  —  It’s with a full but heavy heart that I share with you all today …

Ashley Capoot / CNBC:
Snap reports Q1 revenue up 21% YoY to $1.19B, vs. $1.12B est., DAUs up 10% YoY to 422M, a net loss of $305M, compared to $329M YoY; SNAP is up 20%+ after hours  —  WATCH NOW  —  Snap stock soars following beat on revenue, earnings and daily active users  —  Snap reported first-quarter results …

Bloomberg:
In a subpoena, Elon Musk asked Helen Toner to hand over documents about her departure from OpenAI’s board and how OpenAI decides when a technology achieves AGI  —  Elon Musk has stepped up his court fight with OpenAI by demanding documents from ex-board member Helen Toner …