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Microsoft stock surges on strong quarter, record cloud revenue
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Microsoft said it spent $41 billion on capital expenditures, including leases, in the quarter, below the anticipated $42 billion.
The company's Intelligent Cloud segment saw revenue of $39.3 billion versus expectations of $38.1 billion.
Investors appear relieved that capital expenditures came in below expectations, and its plans for 2026 were unchanged.
Microsoft stock is down 5% year to date.
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