Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from AI adoption across its cloud services, and the company's shares jumped over 4% in extended trade.
Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November. The S&P 500 rose 1% Friday.
Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across its cloud services and business software products. Revenue rose 17% to $61.9 billion in the quarter ended March,
Microsoft's (NASDAQ:MSFT) fiscal third-quarter results and guidance received wide praise on Wall Street as the tech giant continues to demonstrate its ability to monetize artificial intelligence in several ways,
Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares jumped more than 4% in extended trade.
Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across its cloud services and business software products. Revenue rose 17% to $61.9 billion in the quarter ended March,
Strong gains for Alphabet and Microsoft have the U.S. stock market on track for its first winning week in the last four. The S&P 500 rose 0.6% early Friday. The