Microsoft stock price whipsaws after earnings as Azure grows 39% and AI capex hits record
Microsoft shares rose 0.2% to $481.63 in after-hours trading Wednesday after swinging more than 7% following fiscal Q2 results. Azure revenue jumped 39%, topping estimates, while capital spending hit a record $37.5 billion, up nearly 66% from a year earlier. Investors focused on cloud growth and surging AI infrastructure costs, awaiting management’s outlook on spending and demand.