The tech giant’s revenue was up 12 percent to $69.6 billion, but investors are showing their nerves after a long boom for tech stocks.

The UK antitrust regulator has singled out Microsoft for using its dominance in software to stifle rivals in the £9bn UK cloud services market, as the watchdog warned competition “is not working”.

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Microsoft on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down 4.5% in after-hours trading as investors worry about big spending, elusive artificial intelligence revenue and competition from cheaper AI models from China.

CFRA analyst Angelo Zino reaffirmed a Strong Buy rating for Microsoft stock (NASDAQ:MSFT) with a consistent price target of $490.00. Zino adjusted the forecast for Microsoft's earnings per share (EPS) for fiscal year 2025 to $13.

Overall Microsoft revenue rises again, with AI tools pushing it forward Annual revenue run rate for Microsoft's AI business is up 175% YoY Microsoft opened two new data center regions last quarter Microsoft revenue climbed a very healthy 12% year-over-year in the final three months of 2024,

TD Cowen analyst Derrick Wood has maintained their bullish stance on MSFT stock, giving a Buy rating today.Invest with Confidence: Follow