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Cloud Stocks: Microsoft's lead in Azure powered by OpenAI

Earlier this week, Microsoft (Nasdaq: MSFT) announced its third quarter results that surpassed market expectations. The company continues to bank on its AI investments. Microsoft's Financials Microsoft's revenues grew 7% to $52.9 billion, ahead of the market's forecast of $51.1 billion. Adjusted EPS of $2.45 was also better than the estimated $2.23 for the quarter. For the quarter, revenues from the Intelligent Cloud segment that includes Azure grew 16% to $22.1 billion, ahead of ...
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