Revenue is projected to be between $80.65-$81.75 billion, with a midpoint of $81.2 billion, which aligns precisely with consensus expectations. There is no positive surprise. For a company that is supposedly at the forefront of the AI revolution, “in line” performance is not satisfactory.

Microsoft's commercial backlog more than doubled year over year, pointing to enormous demand for AI.

Microsoft stock was headed for its worst one-day drop since the depths of the Covid-19 market rout, after the company reported unexpectly high spending on AI infrastructure and slower cloud growth. The stock dropped about 11%,

Major equities indexes fell Thursday, pulled lower by shares of Microsoft and software stocks, as investors mulled a flurry of corporate earnings reports.

The worst day for Microsoft in nearly six years is yanking the U.S. stock market away from its record heights.

Microsoft's stock plunged as much as 11% to $429.24 on Thursday, fueling investor concerns

While Microsoft's quarterly revenue and earnings topped analysts' estimates, worries about the tech giant's cloud growth, coupled with its rising spending on AI and reliance on a few large customers,

Microsoft said Wednesday that its revenue for the October-December quarter was $81.3 billion, up 17% from the same time last year.