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A Yorkville Ives analyst said Microsoft (MSFT.O) quarterly results indicate the company has the cloud capacity to absorb strong AI-driven demand. Azure revenue beat Street estimates and the analyst called cloud the key driver of Microsoft’s share per

2026-10-29

A Yorkville Ives analyst said Microsoft (MSFT.O) quarterly results indicate the company has the cloud capacity to absorb strong AI-driven demand. Azure revenue beat Street estimates and the analyst called cloud the key driver of Microsoft’s share performance, saying the report shows "capacity is in place and demand is filling it." Customers are locking future spend, with future committed spend holding at USD677 bln; the analyst expects the portion of that revenue to be recognized in the next 12 months to be higher than previously projected. Microsoft shares rose 2.7% premarket, bucking broader tech weakness.

Other News
2026-10-29

JP Morgan cuts PT for ALPHABET (GOOG.O) to $375 from $425.

JP Morgan cuts PT for ALPHABET (GOOG.O) to $375 from $425.
2026-10-29

Alphabet (GOOG.O) shares fell further to 13%, wiping out nearly $490 billion in market value.

Alphabet (GOOG.O) shares fell further to 13%, wiping out nearly $490 billion in market value.
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