Dossier
Azure cloud
Coverage of Azure cloud in the Nexus archive.
- Microsoft adds over $450 billion, the biggest one-day market cap gain in U.S. history
Microsoft's stock surged 16% following a forecast of Azure cloud growth exceeding analyst expectations, resulting in a $450 billion market cap gain, the largest one-day increase in U.S. history.
- Wall Street recovers more than half of the prior's day loss as Microsoft and chip stocks rally
U.S. stocks rebounded as Microsoft's strong quarterly profit and gains in chip stocks offset prior-day losses. The S&P 500 rose 0.9%, the Nasdaq jumped 1.8%, and the Dow gained 0.5%, driven by Microsoft's 15.2% surge and rallies in Micron Technology, Lam Research, and AMD.