Microsoft jumps 8% as it boosts capital spending plans, citing demand

Microsoft’s stock rose 8% in extended trading following the disclosure of financial results for the fiscal quarter ending June 30. The company reported revenue growth of approximately 18% year over year, with net income reaching $35.77 billion, or $4.81 per share, compared with $27.23 billion, or $3.65 per share, in the corresponding period a year earlier. The company benefited from a $3.2 billion gain tied to its investment in artificial intelligence firm Anthropic and lower-than-anticip