ASX set to jump, Microsoft leads Wall Street rally; Apple results ahead
WAtoday
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US stocks are rebounding after Microsoft leaped on hopes that its big spending on AI is translating into profits, while computer-chip companies clawed back some of their sharp recent losses.
Microsoft Shares Surge on AI Cloud Growth
- Microsoft set for record one-day market cap gain after upbeat Azure forecast Channel News Asia —
- Blowout Microsoft results lift US stocks as oil retreats Channel News Asia —
- Microsoft’s best day since 2008 leads U.S. stocks, while inflation worries remain in the bond market The Philadelphia Inquirer —
- Micron, Sandisk and other chip stocks get major boosts in the wake of Microsoft’s earnings MarketWatch —