Growth in Microsoft's Azure cloud business led the way for the company to shoot up 15.2% after exceeding profit expectations in its latest quarter.

Microsoft shares surged over 3% after the company reported $90 billion in quarterly revenue and Azure growth of 43%, beating market expectations.

Microsoft Profits Jump 31% as Azure Cloud Sales Surpass $100 Billion

US stocks opened higher on Thursday morning. Microsoft's strong forecast eased investor concerns about AI spending. Major indices like the Dow and S&P 500 saw significant gains.…