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StockNews.com
StockNews.com
Business
Abhishek Bhuyan

Which Tech Giant Will Drive May Profits: Alphabet (GOOGL) or Microsoft (MSFT)?

In today's tech-driven world, internet applications and software services have seamlessly integrated, driving automation and digitalization across sectors.

The increasing use of generative AI and demand for IoT, along with the rise of social commerce, contribute to the growth of the software and internet sectors. In 2023, Statista states that global internet users reached 5.4 billion, up from 5.3 billion in 2022, covering almost 67% of the world's population. Gartner predicts that spending on software will increase by 12.7% over the prior year to $1.03 trillion this year.

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