Microsoft’s stock dropped 6.2% after the company issued weak guidance for the current quarter, following a fiscal second-quarter earnings report that exceeded Wall Street’s estimates. Despite posting earnings of $3.23 per share and $69.63 billion in revenue, Microsoft’s forecast for the next quarter fell short of expectations, with projected revenues between $67.7 billion and $68.7 billion. The company also reported a slowdown in its Azure cloud services growth, which increased by 31%, down from 33% in the previous quarter. Despite these challenges, many analysts still see Microsoft as a leader in AI and cloud services, calling it one of the most compelling investment opportunities in the industry.
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