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Cloud Stocks: Microsoft Sees High Adoption of its AI Platform

Last week, Microsoft (Nasdaq: MSFT) announced its third quarter results that exceeded analyst estimates driven by its AI momentum. However, its weak outlook brought down the momentum in its share price. Microsoft's Financials Microsoft's third quarter revenues grew 17% to $61.86 billion, beating analyst estimates of $60.8 billion. EPS was $2.94, which was also ahead of the Street's forecast of $2.82. Microsoft's Intelligent Cloud segment revenues grew 21% to $26.71 billion ve...
Satya Nadella Azure Open Ai Service Azure Ai Bot Service Intelligent Cloud Business Processes More Personal Computing

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