From Nasdaq: 2024-04-26 16:12:25

Microsoft’s shares rose 2.3% after a strong earnings report, with revenue up 17% to $61.9 billion, driven by AI and cloud services. Operating income jumped 23% to $27.6 billion, and EPS rose 20% to $2.94. CEO Satya Nadella highlighted growth in AI. Guidance for Q4 is $63.5-$64.5 billion.

Microsoft remains a leader in AI, with strong growth in cloud services. Partnership with OpenAI fuels market dominance. Near-term demand for AI exceeds capacity, indicating future growth potential. While stock is pricey, Microsoft’s premium valuation reflects its strong performance and continued growth prospects.

Analysts recommend considering Microsoft stock, as it made the list of 10 best stocks for investors to buy right now. Motley Fool Stock Advisor newsletter has a strong track record. Microsoft’s stock is recommended, along with 9 others investors may be overlooking. Stock Advisor returns have tripled the market.



Read more at Nasdaq: Why Microsoft Stock Was Moving Higher Today