Microsoft’s third-quarter report contained “every element needed to dissipate various concerns,” according to Bernstein analyst Mark Moerdler. Perhaps the most visible positive was Microsoft’s Azure cloud-computing growth,

Key Takeaways Microsoft stock rose 7.6% on Thursday, its second-biggest post-earnings jump since 2015.Cloud-computing revenue at the company surged to $27 billion, driven by faster-than-expected growth in the company's AI and cloud platform,

U.S. stocks open higher, boosted by strong earnings from Meta and Microsoft. Apple and Amazon are due to report after the close.