Nvidia, Nebius, Amazon and AI stocks rallied after Microsoft Azure posted strong growth, boosting confidence in AI demand and cloud spending. | Business News

Microsoft’s Azure grew 43% and passed $100bn for the year, its backlog hit $678bn, and the stock rose 2%. But AI capital spending keeps climbing.

Microsoft shares surged nearly 9% in extended trading after the software giant reported stronger-than-expected Q4 earnings and Azure cloud growth. Robust AI-driven demand, upbeat…