Microsoft Stock Jumps 3.7% Amid Strong Azure Growth and AI Demand
Microsoft stock rose by 3.66% to $516.17 on September 26, 2026, driven by strong quarterly results and high trading volume of over 38 million shares.
The company reported an 18% increase in total sales to $90 billion and a 31% rise in net profit to $35.8 billion for the quarter ending June 30, 2026.
Azure cloud services saw significant growth with a 43% increase in revenue, surpassing $100 billion for the full year.
The strong performance was attributed to rising demand for artificial intelligence products and cloud services, which has led Microsoft to invest heavily in AI data centers, spending over $41 billion in the quarter.