Microsoft Stock Jumps 4% as Cloud Growth Drives Beat — SkimNews
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- Microsoft stock jumped 4% after its earnings report, with cloud growth driving an earnings and revenue beat.
- Google stock was being crushed after its earnings report, while Microsoft’s cloud growth and cash flow offered respite from AI-spending fears.
Why it matters: Microsoft shareholders saw shares gain 4% after the report, a concrete contrast with Google’s harsher sell-off. Cloud growth, cash flow, and an earnings and revenue beat explain Microsoft’s relative resilience by easing market pressure associated with AI-spending fears among investors.
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