From Yahoo Finance: 2025-05-01 20:11:00

The stock market saw a strong finish on Thursday, with major indices all in the green thanks to impressive corporate earnings. The Nasdaq led the rally with a 1.52% gain, followed by the S&P 500 at 0.63% and the Dow Jones at 0.21%.

Microsoft Corporation (MSFT) soared on Thursday, adding 7.63% to reach $425.4 per share. The tech giant reported an 18% increase in net income for Q3 of fiscal year 2025, hitting $25.8 billion. Revenues also rose 2.4% to $70.07 billion year-on-year.

For the next fiscal year, CEO Satya Nadella announced plans for higher capital spending at Microsoft, focusing on data centers for AI workloads. While MSFT ranks 5th on the list of top performers, some believe AI stocks offer greater potential for returns in a shorter timeframe.

Read more: Why Microsoft Corporation (MSFT) Soared On Thursday