
Microsoft shares jumped about 16 percent after the company reported that its Azure cloud division grew 43 percent, its fastest pace in years, sending the software giant's market value up nearly $450 billion in one day, the largest single-day gain for any stock ever recorded. Meta Platforms tumbled 9.3 percent on investor worries about rising AI spending, even as Amazon's cloud results also topped expectations, capping a turbulent week of Big Tech earnings.

World · Jul 31 · L1-L4