Microsoft’s third-quarter report contained “every element needed to dissipate various concerns,” according to Bernstein analyst Mark Moerdler. Perhaps the most visible positive was Microsoft’s Azure cloud-computing growth,

Microsoft is slated to report fiscal third-quarter results after the market closes Wednesday, with analysts overwhelmingly bullish on the tech giant's stock.

U.S. technology-related stocks including many involved in artificial intelligence rose sharply on Thursday following stronger-than-expected results from Microsoft and Meta Platforms, while investors awaited results from Apple and Amazon.