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The company posted $69.6 billion in revenue, which was up by 12% year over year.
Microsoft Azure and other cloud services revenue was the main catalyst, delivering 31% year-over-year revenue growth.
The tech giant has also committed to further ramp up its spending on AI infrastructure.
Microsoft and other tech giants earnings results and statements have dissuaded fears of an AI bubble.
AI spending will continue to increase as the industry gets more competitive.
Investors can use this market dynamic to boost their long-term returns.
These are some of the ways investors can use Microsofts AI investment success to bolster their portfolios.
Cloud Revenue Is Still Growing
Wall Street was extremely picky with cloud revenue.
However, cloud revenue growth was strong for these companies and Microsoft despite the headlines.
The mismatch between high revenue growth and downward stock pressure has created a buy-the-dip opportunity for patient investors.
Investors should monitor companies that are using AI and getting results.
Meta Platforms and AppLovin have been using artificial intelligence to strengthen their ad offerings.
Short reports have hurt AppLovins stock price lately, but bullish investors see it as a buy-the-dip opportunity.
Cybersecurity firms like Crowdstrike and Palo Alto Networks stand to benefit from the AI boom.
More companies will have to invest in cybersecurity.
The success of cloud computing and AI apps will accelerate demand for cybersecurity solutions.
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