Microsoft’s stock price rose sharply after the company reported a strong quarterly earnings beat. The technology giant said its Azure cloud platform grew by 33%, surpassing analysts’ expectations. This growth indicates a surge in demand for Microsoft’s cloud-based services, driving the company’s revenue and profits higher. As a result, investors are optimistic about the company’s future prospects, causing the stock price to increase.
Source: https://www.barrons.com/articles/microsoft-earnings-stock-price-62db2b86