Microsoft (NASDAQ: MSFT) reported second-quarter revenue of $81.3 billion, surpassing Wall Street expectations, with Azure cloud services jumping 39% and Microsoft Cloud crossing the $50 billion quarterly revenue milestone for the first time.

Microsoft shares slumped after record AI-driven capital spending and a slowdown in Azure growth reignited investor concerns over returns on massive cloud investments

Microsoft’s big financial bet on artificial intelligence got even bigger in the December quarter, but it also showed continued signs… Read More

By Deborah Mary Sophia, Aditya Soni and Stephen Nellis Jan 28 (Reuters) - Microsoft said on Wednesday it had spent a record amount on artificial intelligence in the last quarter and posted slower cloud-computing growth,

Wall Street analysts remained overwhelmingly bullish on Microsoft, even as the stock dipped 12% post-earnings.

Microsoft has unveiled its second-generation artificial intelligence chip, Maia 200, as it pushes to strengthen its cloud business and ease reliance on Nvidia processors. Demand for artificial intelligence computing power has skyrocketed,