Microsoft is rising after announcing that it's partnering with Xiaomi to make AI and cloud computing devices (MSFT)

Shares of Microsoft jumped 2.39% after announcing that the Washington-based company has joined forces with Chinese tech giant Xiaomi in a close collaboration on cloud computing, artificial intelligence, and hardware.
The two companies signed a memorandum of understanding under which Microsoft will allow Xiaomi to leverage Microsoft's cloud computing products, including Azure, for Xiaomi's phones, laptops, and smart devices. The partnership will give Microsoft more access to the Chinese mark