msft

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Microsoft's stock surged over 15% following an earnings report that exceeded expectations, driven by strong cloud and AI business growth.

Microsoft (MSFT) reported fourth-quarter earnings that surpassed market expectations with revenues reaching $90 billion, fueled by a faster-than-anticipated expansion in their cloud and AI segments. Despite challenges like rising memory costs leading to Xbox hardware losses, experts anticipate the next Xbox model could be priced above $1,000. The earnings beat caused Microsoft shares to jump 15% in intraday trading, reflecting optimism about its future growth prospects in cloud services and AI.