Microsoft Stock Soars After Record Azure Growth Reported – MarketWatch
Seattle, WA – Microsoft reported strong earnings for the third quarter, leading to a surge in its stock prices. The tech giant’s success was largely attributed to the significant growth of its cloud computing platform, Azure. Microsoft exceeded expectations for both revenue and profit, showcasing the strength of its cloud services. The demand for cloud-based artificial intelligence solutions continued to outpace supply, driving a 79% increase in capital spending for the company. The company’s earnings …