Microsoft and Google shares surge due to boom in cloud computing business

Daniel Puchert

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Cloud business boom sends Microsoft and Google shares surging

Microsoft Corp. and Google owner Alphabet Inc. sent a clear message to investors on Thursday: Our spending on artificial intelligence and cloud computing is paying off.

The companies trounced Wall Street estimates with their latest quarterly results, lifted by a surge in cloud revenue — fueled in part by booming use of AI services.
 
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