Nasdaq Posts Best Day Since June on Microsoft Azure Revenue Surge
Microsoft just proved that AI spending can generate real revenue. Here's how one earnings report sparked a massive tech rally.
Overview
U.S. stocks rebounded sharply on Thursday after Wednesday's steep sell-off, with technology stocks leading the recovery. In some cases, massive AI spending is actually making money.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) soared 2.6% at 12:40 p.m ET, notching its best single-session performance since mid-June. The S&P 500 (SNPINDEX: ^GSPC) climbed 1.3%, while the Dow Jones Industrial Average (DJINDICES: ^DJI) gained 0.8%, adding roughly 430 points.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.