Microsoft Tops $3 Trillion Valuation as Cloud and AI Drive Earnings Beat
- Microsoft beats Q2 earnings expectations, reports $2.93 adjusted EPS on $62B revenue
- Cloud revenue hits $33.7B, beating estimates, driven by Azure growth from AI
- Shares flat despite earnings beat; Microsoft market cap tops $3T
- Shares up 50% in past year as Microsoft monetizes AI across products
- Generative AI controversy unlikely to slow tech adoption and investments