Microsoft’s recent earnings report showed strong financial performance, driving its stock to rise significantly. The tech giant reported an 18% increase in quarterly profits, attributing much of its success to the expansion of its cloud services unit. Despite broader turbulence in the tech sector, Microsoft’s revenue growth exceeded expectations, with the company crediting artificial intelligence advancements as a key factor. Analysts are optimistic about Microsoft’s continued growth, particularly in the cloud computing space. The company’s stock surged following the earnings announcement, reflecting investor confidence in its strategic direction.
— new from Barron’s