Economic TimesLean R·
US stocks: US market ends sharply higher, lifted by soaring Microsoft
Wall Street ended sharply higher on Thursday, with chip stocks jumping and Microsoft soaring after the technology giant gave a stellar forecast that eased fears about massive spending on AI infrastructure. Microsoft jumped by a double-digit percentage after the technology company forecast quarterly sales and cloud growth above expectations. It also reported capital expenditures below estimates and said it expects to keep generating cash through its fiscal 2027 that has just begun. This year, in…
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