Microsoft tops Q1 earnings estimates as cloud grows but stock dips on rising AI costs

Microsoft reported its first-quarter earnings after the bell on Wednesday. The company beat expectations on both profit and revenue, with strong demand from its cloud business driving results. But the stock still dropped more than 2% after the company revealed a major jump in spending tied to AI hardware. The company reported $77. 7 billion in […] source: https://www.cryptopolitan.com/microsoft-tops-q1-earnings-estimates/