Microsoft’s Q4 earnings report triggers stock drop despite AI optimism

  • Microsoft shares dropped over 3% following Q4 earnings report that showed less-than-expected cloud revenue growth but strong prospects in AI.
  • Despite the slower growth, Azure cloud services and Microsoft 365 recorded a record number of $10 million contracts reflecting an interest in AI-driven services.
  • Expectations for increased capital expenditure in 2024 speak to readiness to meet customer demand and scale AI services, although growth is expected to be gradual.
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