Microsoft’s best day since 2008 leads U.S. stocks, while inflation worries remain in the bond market

A monster day for Microsoft’s stock following signals that its big spending on AI is translating into profits led a powerful rebound on Wall Street Thursday, while computer-chip companies regained some of their sharp recent losses. In the bond market, though, worries remain about inflation potentially remaining high fo

Azure crossed $100 billion in revenue for the first time and a new disclosure about OpenAI offered some respite.

A monster day for Microsoft following signals that its big spending on AI is translating into profits led a powerful rebound on Wall Street, while AI stocks regained some of their sharp recent losses

The stock is down 12.5% over the past week and on track to hit 11 days in the red, its longest-ever losing streak.

The company’s cloud business is sporting impressive growth, and Microsoft expects to avoid heading into cash-burn mode as it spends up on AI.

When the S&P 500, Nasdaq and Dow Jones Industrial Average hit record highs in early July, US President Donald Trump hailed it as evidence of America’s economic revival. “This is WINNING. The Golden Age of America is beginning – and we are just getting started,” he wrote in a social media post on July 4, the 250th anniv