Microsoft’s stock price drops despite strong quarterly results due to higher operating expenses and reliance on OpenAI. Azure revenue surges 39%, driving overall revenue up 17%. Company projects Q3 revenue of $80.65-$81.75 billion. Analysts remain optimistic about future growth and suggest buying on the dip.

Azure’s success continues as the main growth engine for Microsoft, with strong revenue growth in cloud computing and intelligent cloud services. Despite the stock price drop, the company’s forward P/E ratio is attractively priced. Analysts predict ongoing growth with Azure and Copilot AI assistants.

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Read more at Yahoo Finance: Microsoft Shares Slide Despite Strong Cloud Growth. Is It Time to Buy the Dip?