U.S. Stocks Rally After Microsoft Earnings - WSJ

U.S. Stocks Rally After Microsoft Earnings  WSJ

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.

Microsoft is spending heavily on AI but is also taking a “responsible” approach to its financials, an analyst said.

U.S. stocks are bouncing back after Microsoft leaped on hopes that its big spending on artificial-intelligence technology will be worth it, while computer-chip companies clawed back some of their big recent losses

Microsoft reported record quarterly profit and forecast accelerating Azure growth, while Meta’s profit and margins were hit by severance costs and legal expenses.