Why Nvidia, Nebius, Amazon and AI stocks are rising today as Microsoft Azure growth boosts sector
AI stocks jumped sharply on Thursday as investors cheered strong AI demand, especially after Microsoft reported better-than-expected cloud growth. The Nasdaq Composite rose 2%, the S&P 500 gained 1%, and the Dow Jones Industrial Average added 308 points, showing broad strength in technology stocks.
Microsoft shares surged 15% after the company reported strong growth in its Azure cloud business, boosting confidence in AI spending. Microsoft’s Azure cloud business grew 43% in its latest quarter, showing that companies are still spending heavily on AI services.
