Microsoft added nearly $500 billion in market value ($480 billion, to be exact) in a single trading session on Thursday—a more than 17% surge—after reporting fiscal fourth-quarter results that showed Azure revenue surpassing $100 billion for the first time, with Microsoft Cloud revenue up 27% year over year to $59.3 billion.
But blowout results, even those released within hours of Microsoft’s, haven’t been greeted with similar euphoria. Take Samsung, which posted a record $62 billion profit, a 19-fold increase, and then saw stocks sell off, or Meta, punished after another quarter of growing revenue. The Dow fell more than 1,100 points on Wednesday, before Microsoft reported its blowout quarter after the close.
