Microsoft shares rise more than 5% after hours as cloud growth eases AI concerns
Microsoft’s cloud growth and cash flow eased concerns about AI investment, while its shares rose more than 5% in after-hours trading.
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11:14:08 PM UTC
SquawkNews
Microsoft Corp. (MSFT) share price inched 3% higher after-hours on Wednesday after the software maker’s first-quarter results surpassed Wall Street expectations, propelled by surging demand for its artificial intelligence tools and cloud computing platform.For the three months ended Sept. 30, the t…