Microsoft Stock Slumps Following Record Revenue and High AI Spending

Microsoft shares fell 6% after hours following the release of second-quarter results that showed record revenue of $81.3B and earnings per share of $4.14.Chief Financial Officer Amy Hood reported that commercial bookings increased 230% after massive cloud commitments from OpenAI and Anthropic, though investors reacted to a 66% rise in capital expenditure to $37.5B.While Azure cloud services grew by 39%, the More Personal Computing division declined 3% as Xbox hardware revenue dropped for the third consecutive year.