Microsoft’s Q2 AI Business Soars but Cloud, Guidance Disappoint | PYMNTS.com

Microsoft’s Q2 AI Business Soars but Cloud, Guidance Disappoint | PYMNTS.com

Microsoft reported robust growth in artificial intelligence (AI) demand for the second quarter, with gains seen throughout its Copilot and Azure operations and propelling revenue and earnings past Wall Street expectations.

But non-AI business for its cloud division, Azure, disappointed Wall Street because it came in at the low end of expectations. Microsoft also expects this segment to be impacted throughout the second half of its fiscal year. Shares of Microsoft were down 6% in…

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