Microsoft beats expectations, but AI concerns force shares down

Microsoft beats expectations, but AI concerns force shares down …C0NTINUE READING HERE >>>

Microsoft has made huge investments in AI infrastructure.
Photo: JULIEN DE ROSA / AFP
Source: AFP

Microsoft delivered solid quarterly results on Wednesday, beating analyst expectations with revenue jumping 16 percent to $65.6 billion, but questions were raised about the company’s big spending on the AI boom.

The tech giant reported net income of $24.7 billion for the quarter ending September 30, marking an 11-percent increase from the same period last year. Earnings per share rose 10…

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