A flurry of blockbuster earnings from tech giants sent AI-linked stocks swinging. Microsoft reported strong results and briefly surpassed a $4 trillion market cap on July 31, becoming only the second public company ever to hit that milestone reuters.com. Microsoft’s shares jumped about 3.5% as its Azure cloud growth and upbeat guidance “quickly silenced any doubts about cloud or AI demand,” according to one market analyst reuters.com. The company revealed Azure pulled in $75 billion last year and touted over 100 million users for its new AI Copilot tools reuters.com – evidence that its massive AI investments are paying off. In fact, Microsoft plans to spend a record $30 billion on data centers this quarter to meet surging AI service
