Microsoft saw a surprisingly strong performance in the cloud, but it’s also monetizing generative AI well and moderating capital-spending growth.

Key Takeaways Microsoft stock rose 7.6% on Thursday, its second-biggest post-earnings jump since 2015.Cloud-computing revenue at the company surged to $27 billion, driven by faster-than-expected growth in the company's AI and cloud platform,

U.S. stock futures point to a higher open, with strong earnings after Wednesday's market close from Meta and Microsoft providing some underlying support.