Microsoft Stock Pops as Cloud and AI Strength Drives Earnings Growth
1. Microsoft reported Q3 revenue of $70.07 billion, surpassing expectations. 2. Net income rose to $25.82 billion, up from $21.94 billion year-over-year. 3. Intelligent Cloud revenue improved 21% to $26.75 billion, exceeding forecasts. 4. CEO highlighted AI as a crucial component for business growth. 5. Shares increased over 6% in after-hours trading following the earnings report.