Microsoft Rises on Strong Azure Growth and Cash Flow Despite Broader Tech Slide

Microsoft gained nearly 4% in extended trading, outperforming broader technology declines fueled by market-wide artificial intelligence spending concerns. The rally followed quarterly revenue and earnings beats powered by stronger-than-expected growth in Microsoft's Azure cloud computing division and resilient cash flow metrics. In contrast, U.S. stock futures retreated, with Nasdaq 100 futures sliding up to 1.5% and S&P 500 futures dropping 0.5%. Weakness was led by a roughly 10% plunge in Alphabet after its earnings missed estimates on aggressive infrastructure outlays, alongside sharp losses in regional Asian markets and software equities.