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Microsoft eases AI fears… the market’s new AI split… Luke Lango’s Exit Ladder if the selling returns… what the Fed’s preferred inflation gauge just revealed…
Well, Microsoft (MSFT) just saved the AI trade – at least for the moment.
Yesterday after the closing bell, the software giant reported earnings that easily cleared Wall Street’s expectations.
Quarterly revenue reached $90 billion, well ahead of the $87.6 billion analysts expected. Adjusted earnings of $4.74 per share topped the $4.24 consensus estimate.
