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Microsoft exceeded Q2 earnings and cloud revenue estimates, growing Azure 39% despite a slight slowdown, but the stock fell 5% after hours due to investor concerns over decelerating cloud growth.
Microsoft reported strong Q2 fiscal 2026 results with significant revenue and net income growth driven by cloud and AI segments, highlighting leadership in AI and robust shareholder returns.
Amazon announces a major job cut of 16,000 primarily corporate roles to reduce costs amid slowing e-commerce demand. More layoffs may follow, but AI and cloud businesses continue growing. Stock dips …
OpenAI appoints Slack CEO Denise Dresser as chief revenue officer, boosting enterprise sales amid rapid growth backed by Microsoft, signaling strong business expansion.