Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.

Microsoft and Google jumped on earnings late after the market rally attempt showed resilience Wednesday amid Meta's sell-off.

(Bloomberg) -- Rubrik Inc. rose 16% in its trading debut after the cloud and data security startup backed by Microsoft Corp. topped its fundraising goal with a $752 million initial public offering, signaling with two other listings sustained demand for first-time share sales.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets Wr

Google parent Alphabet just announced a quarterly dividend — adding to the S&P 500. But don't get your hopes too high.

Better-than-expected performance by both Microsoft Azure and Google Cloud in the March quarter are driving up shares of a variety of stocks that should benefit from what appears to be strong corporate demand for cloud computing capacity. Microsoft Azure grew 31% in the March quarter; Google Cloud expanded 28%. Microsoft is 3.7% higher in late trading now, with Alphabet 13% higher.

Asia's market spotlight on Friday falls on the Bank of Japan's policy announcement, as the cat-and-mouse game of when or if Tokyo intervenes in the currency market continues, and investors digest the latest U.S. mega tech earnings reports. The BOJ decision and guidance from Governor Kazuo Ueda top the regional calendar, which also includes Tokyo consumer price inflation for April, producer price inflation from Australia and industrial production from Singapore.

The stock market slashed heavy losses Thursday after weak GDP and Meta stock's plunge sent the major stock indexes reeling.

Asia's market spotlight on Friday falls on the Bank of Japan's policy announcement, as the cat-and-mouse game of when or if Tokyo intervenes in the currency market continues, and investors digest the latest U.S. mega tech earnings reports. The BOJ decision and guidance from Governor Kazuo Ueda top the regional calendar, which also includes Tokyo consumer price inflation for April, producer price inflation from Australia and industrial production from Singapore.

Shares of both Alphabet and Microsoft are soaring after the companies reported strong numbers.

Robust Cloud Growth and AI Innovations Propel Earnings Beyond Expectations

MSFT just reported better-than-expected revenues in Q3 of $61.86 billion (estimate $60.87 billion).

Rubrik comes out of the gate hot on its IPO day, selling a story of protecting data in the age of AI.

Amazon.com Inc (NASDAQ:AMZN) shares are trading higher in Thursday’s after-hours session following a pair of blowout quarters from ...

(Bloomberg) -- Microsoft Corp.’s quarterly sales and profit climbed more than projected, lifted by corporate demand for the software maker’s cloud and artificial intelligence offerings.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsJavier Milei Fue

Microsoft (MSFT) reported third quarter earnings that topped Wall Street estimates on both the top and bottom lines, with its intelligent cloud revenue revenue posting surprising strength. As a result, shares of the tech giant are higher Thursday after the market close. CFRA Research Senior Equity Analyst Angelo Zino joins Market Domination Overtime to discuss Microsoft's results. Zino attributes Microsoft's success to its strategic investments in cloud and artificial intelligence (AI) technologies, which have enabled the company to effectively monetize those offerings. He highlights that this achievement is not sector-wide, giving Microsoft a distinct competitive advantage and saying the strong numbers are likely to continue into 2025. Addressing the potential impact of Microsoft's Copilot on its financial performance, Zino says "that's going to take time." He explains that the company still faces the challenge of persuading customers to adopt and "pay for these Copilots," an issue that extends beyond Microsoft to the entire enterprise software industry. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith.

Microsoft’s revenue and profit rose last quarter as artificial intelligence bolstered demand for its software and cloud services and it spent billions on related infrastructure.

The first estimate to Q1 GDP came in at 1.6%, well below the 2.3% consensus. Core inflation on a year-over-year basis also came in above expectations, raising fears of stagflation. Stocks moved off lows even as the 10-year Treasury yield rallied above 4.70% and hit a five-month high. It's been an orderly pull back for Southern Copper so far; Sweetgreen...