Microsoft back on offense as quarter shows strong AI demand. Wall Street sees big stock gains ahead

Microsoft appears bound for a bounce as its latest quarterly report shows signs its artificial intelligence strategy will power revenue higher in the future, according to several analysts on Wall Street. The software giant earned $4.27 per share after adjustments in the fiscal third quarter quarter, topping the $4.06 per share expected by analysts surveyed by LSEG. Its revenue came in at $82.89 billion, outpacing the consensus estimate of $81.39 billion. …