Microsoft's shares dropped as much as 5% after the company reported fiscal second-quarter results showing slower growth in its Azure cloud computing services than expected. Earnings per share and revenue exceeded expectations, while the growth in Azure was below analyst forecasts. Microsoft shares fell as investors weighed the impact of DeepSeek's new, cost-efficient AI model from a Chinese lab.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Microsoft shares dropped as much as 5% after the company reported fiscal second quarter results
00:07showing slower growth in the Azure cloud computing services than expected.
00:11Earnings per share and revenue exceeded expectations, while the growth in Azure
00:15was below analysts' forecast. Microsoft shares fell as investors weighed the
00:19impact of DeepSeek's new cost-efficient AI model.
00:22For all things money, visit Benzinga.com.