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Azure Ignites Microsoft Stock Rally Amid Strong Earnings

Guavy AI Editorial Team
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MSFT
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Microsoft's stock price surged 4.9% in Monday's trading session after its Azure platform saw a significant jump in revenue.

The company's cloud computing segment, Azure, reported a 43% increase in revenue compared to analysts' forecast of approximately 40.4%. Microsoft Cloud revenue also rose by 27%, reaching $59.3 billion.

Following the release of its fiscal fourth-quarter results, at least 10 analysts raised their price targets for the company's stock. This reflects stronger expectations for AI-related software and cloud demand.

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