Microsoft shares surge 9% fueled by Azure growth and steady capex

Microsoft’s stock jumped 9% after strong Azure revenue and reassured capex plans, despite ongoing investor concerns about AI impacts.

Microsoft’s earnings of $4.74 per share surpassed expectations, driven by a significant gain from its investment in Anthropic.
The company reported a revenue increase of 18% year-over-year, totaling $90.01 billion for the quarter.
Despite the surge, Microsoft’s stock remains down 19% year-to-date, reflecting broader market concerns over AI disruption.