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Tuesday, March 5, 2024

Microsoft Q1 2024: Strong Cloud Growth Supports Current Valuation (NASDAQ:MSFT)

Microsoft Q1 2024: Strong Cloud Growth Supports Current Valuation (NASDAQ:MSFT)

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What Happened

Microsoft’s (NASDAQ:MSFT) stock popped 4% in aftermarket, driven by 1Q FY2024 earnings that surpassed expectations. Despite the seemingly modest 4% rally, I want to point out that reactions to companies exceeding estimates have generally been muted in this earnings season. This can

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