Microsoft Corporation (NASDAQ:MSFT) is one of the stocks Jim Cramer recently discussed. Cramer highlighted the reason why the stock got hit despite reporting solid earnings, as he commented:
“Microsoft reported what I thought was a truly strong quarter. Not only did Microsoft deliver a top and bottom line beat, but their all-important cloud infrastructure division, Azure, saw its growth accelerate to 40%. That said, the stock still got hit in after-hours because I think it came in too hot. Remember, Microsoft shares caught fire earlier this week after their deal with OpenAI gave them that 27% stake in the for-profit part of the company. If it hadn’t already run, I think Wall Street would’ve been fine. It might’ve even been a bit of a yawner, frankly.”
 Pixabay/Public Domain
Microsoft Corporation (NASDAQ:MSFT) develops and supports software, cloud services, devices, and solutions, including Microsoft 365, Azure, Xbox, and LinkedIn. The company’s tools and services improve productivity, computing, security, and digital experiences.
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Disclosure: None. This article is originally published at Insider Monkey.