... business models and clear paths to profitability. The significant influx of capital into AI, fintech, and cybersecurity instills confidence in continued growth, but funds are placing special emphasis on diversification and risk management. Quality of growth becomes the main priority: long-term sustainability of startups and healthy returns on investments are necessary to avoid overheating during this new upswing. Thus, the venture market is entering a new phase of development with moderate optimism, focusing on a balanced approach and sustainable innovations.

... cloud services and AI. Consensus estimates revenue of about $73.9 billion (+14% year-on-year) and ~$3.37 earnings per share. A key focus will be the intelligent cloud segment (Azure): investors will want to learn how Azure has fared (last quarter saw growth accelerate to ~27% year-on-year, and the market hopes for a continuation of this pace). Moreover, Microsoft is actively integrating AI (from investments in OpenAI/ChatGPT to implementing Copilot features in Office) – analysts will be waiting for comments on how these initiatives are impacting sales and costs. Another focal point will be the personal computer business (Windows, devices), ...

... crisis provides an opportunity to rethink development strategies. The key task is to create conditions where innovations can survive and thrive. This requires not only government support but also the active involvement of private investors ready to invest in promising projects.” Conclusion The year 2024 has been a test for the Russian venture market. However, even amidst the downturn, there remains potential for recovery and growth. Economic stabilization, development of the domestic market, and increased investor activity could help lift the venture industry out of the crisis and create conditions for its long-term development.

... robust influx of capital into AI, fintech, and cybersecurity instills confidence in the market's further growth, but venture funds pay particular attention to diversification and risk management. Nonetheless, the main priority will be the quality of growth: focusing on the long-term sustainability of startups and the healthy profitability of investments, ensuring that the new upswing does not lead to overheating. Thus, the venture market enters the next phase of development with moderate optimism, betting on a balanced approach and sustainable innovation development.

... highs, reaffirming the status of cryptocurrencies as one of the most dynamic and attractive areas for investment. For now, however, many investors are adopting a wait-and-see strategy. The market is consolidating, yet fundamental prerequisites for new growth persist, making digital assets an important part of a diversified investment portfolio despite periodic market pauses. Cryptocurrency Prices as of Morning Key Cryptocurrencies: Bitcoin (BTC): $121,200 Ethereum (ETH): $4,280 XRP (XRP): $3.18 BNB (BNB): $780 Solana (SOL): $178 Tether (USDT): ₽79.80 Overall Market Indicators: ...