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Microsoft cloud growth accelerates on back of AI

Microsoft saw a pickup in the segment containing video games after buying publisher Activision Blizzard in October.

Microsoft shares rose as much as 5% in extended trading on Thursday after the software maker issued fiscal third-quarter results that outdid Wall Street's expectations. Revenue from Xbox content and services was up 62%, thanks to a bump from the $75 billion acquisition in October of game publisher Activision Blizzard, including its popular Call of Duty titles. Here are Thursday's biggest analyst calls: Nvidia, Meta, Tesla, IBM, UPS, Five Below, Amazon, TJX Companies & more Here's where to invest $1 million right now, according to the pros Forget Nvidia: Morgan Stanley says Intel's much-hyped AI chip will boost 3 global stocks These 5 stocks will power the AI revolution as data centers spread and electricity demand doubles, says Bank of America Earnings playbook: Your guide to trading a huge week of reports, including Meta Platforms

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