Microsoft stock ticks up after Thursday’s 10% drop — Azure growth and AI spending stay in the spotlight
Microsoft shares rose about 0.5% to $435.62 early Friday, recovering slightly after a 10% plunge Thursday that erased over $350 billion in market value. Investors weighed a 66% surge in quarterly capital spending, mostly for AI chips, against Azure’s 39% growth and $625 billion in cloud backlog. Alphabet and Amazon report earnings next week, with the U.S. jobs report due Feb. 6.