Microsoft Rides 84% Earnings Surge Amidst Treasury Yield Pressure

Microsoft's stock price rose by approximately 0.5% to $483.56 on Friday afternoon as tech stocks regained some ground.

The 30-year Treasury yield remained near a 19-year high, forcing investors to demand more from companies that are priced for future growth, but Microsoft is delivering.

In its fiscal fourth-quarter earnings report, the company's revenue surged 18% to $90 billion, with Azure revenue increasing by 43% and commercial remaining performance obligations exploding 84% to $678 billion.

This massive backlog is a key advantage for Microsoft as it already has demand and can bankroll expansion internally while weaker rivals reach for expensive debt.