Microsoft stock drops over 6% after results fall short in latest AI disappointment

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Microsoft stock drops over 6% after results fall short in latest AI disappointment
https://finance.yahoo.com/news/microsoft-stock-drops-over-6-after-results-fall-short-in-latest-ai-disappointment-201321390.html

Summary

Certainly! Here are the key takeaways from the article:

  • Microsoft's Earnings: Microsoft reported Q4 earnings per share (EPS) of $2.95 on revenue of $64.7 billion, beating expectations[^1^][1].
  • Cloud Revenue: Overall cloud revenue was $36.8 billion, but Intelligent Cloud revenue (including Azure) fell short at $28.5 billion[^2^][2].
  • AI Impact: AI services contributed 8 percentage points of growth to Azure and other cloud services revenue[^3^][3].
  • Market Share: Microsoft gained market share from Google and Amazon due to its early lead in AI.
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